Chapter 52

Chapter 52 Living together every day

"This time our focus is on crude oil."

Capital Smith,

On the podium,

Taking the microphone from David Mellon, Abel said loudly:

"Can anyone tell me what the current gas price is?

Of course, he didn't ask about gas prices.

His question was quickly answered.

Someone shouted: "BOSS, news from Bloomberg."

New York crude oil is currently at 29.96, Brent is at 31.16, Oman is at 30.09! "

New York Crude Oil is the international crude oil futures contract of the New York Mercantile Exchange, Brent is the Brent crude oil of the London Intercontinental Exchange, and Oman is the crude oil of the Dubai Mercantile Exchange.

There are more than three types of crude oil futures contracts around the world. We can roughly say the three most influential people.

These three crude oil futures contracts determine the reference price for global crude oil trading.

Investment banks and financial companies when investing in crude oil futures contracts.

In general, pay close attention to these three things.

Hearing these words, Abel nodded to show he had heard. Crude oil around $30 looks cheap in 2022.

But in people's eyes in 2000, the price of crude oil at $30 was already very high.

The beginning of last year was the beginning of 1999.

International crude oil prices remain below 20 USD.

At its lowest point, it was even as low as $10/barrel. Dig deep and lose money.

But just a few months later, in September and October 1999, a sudden surge occurred.

In one month, the price exceeded 30 USD/barrel for the first time.

The highest record since the 1991 Gulf War.

After early 2000, oil prices remained above 30 USD for a long time. This has a negative impact on the economies of oil-consuming countries and the global economy.

The US was even forced to announce the use of 30 million barrels of "strategic oil reserves".

OPEC and non-OPEC members also began to increase oil production.

But so far, little has been achieved.

It will take at least some time for oil prices to fall.

At least for now, international crude oil prices are generally still around 30 USD/barrel. Abel knows this price will never last long.

The main reason is because Aramco is still an oil consuming company.

Today, in 2000, American industry is very developed and the amount of oil produced by the country itself is not enough.

The country has yet to go from being an oil consumer to an oil exporter.

Therefore, the US will never allow oil prices to remain high and will find every way to lower prices. By the end of the year at the latest, oil prices will definitely decrease.

But if you know, you know, international crude oil can still make noise right now.

He plans to make a short-term transaction of about a month.

"From now on."

He started giving orders: "The total amount is one billion US dollars, the leverage is about ten times more. Start buying crude oil.

"The time needed to build a position is half a month. After half a month, I hope all of you can buy crude oil futures contracts at a price below 31 USD/barrel.

"Reload the ammo I prepared for you, let's begin."

He ordered the tools.

Just as he has done many times since the company was founded six months ago.

The tools below begin preparation immediately.

Abel said to David: "Open your authority. »

Different from other companies.

Smith Capital, 80 analysts and traders, most of whom do not have trading authority.

Only Abel needs these instrumentalists, when performing their duties as instrumentalists.

The company will open limited permissions to these tools, so that they can use it during this period.

Use the company's accounts and funds, as well as credit guarantees, to conduct transactions within the specified range.

"clear."

David has been working with him for almost a year now.

Knows his style very well.

"This is for you." Abel said, "I left beforehand."

"Um."

Get out of Smith Capital,

Leave the Woolworth Building.

Abel went downstairs,

Near the entrance of the Woolworth Building, sit on a black Cadillac STS.

"Go to Chelsea." After getting in the car, he said to the driver.

The Chelsea here, of course, does not refer to the Chelsea in London.

Manhattan also has a community named Chelsea. As part of Ansa's cultural influence, there are not 100 locations called Chelsea but dozens.

Just like the influence of Slavic culture, many people are named after Moscow.

Greater Moscow is of course the capital of Russia.

Even the smallest Moscow is just a small village in rural Ukraine.

The driver understood what his boss meant, turned on the turn signal and the car sped out onto the streets of Manhattan. It's almost noon and Manhattan is crowded again.

Looking at the crowded traffic ahead, Abel made up his mind again.

Want to move house, change business.

Life is good in crowded Manhattan.

But once there is an emergency, finding yourself in this situation is a real headache. In the future, I will move my business to Queens and may choose to take a helicopter to work.

This way, you can avoid traffic jams of this type and not waste time on the road.

It's not far from the Woolworth Building to 357 17th Street in the Chelsea community.

Because of the traffic jam, I still drove for more than half an hour.

Half an hour later,

357 West 17th Street, Lower Manhattan. Cadillac STS, pull up to the door.

Edward in the co-pilot, and Lin, Johnson, Lincoln and others in the following Cadillac SUV got out of the car first.

A few minutes later, Abel got out of the car.

When he went down,

The bronze gate leading to the house at 357 17th Street was opened.

The bodyguard here, Steve, stands behind the door with a smile on his face. Abel smiled and nodded at her, walked in and casually said: "Is Jessica there?"

"Yes, Miss knew you were coming, she was on the second floor waiting for you." Steve said.

Hearing Abel stop talking, he walked towards the escalator.

Get on the escalator and look up.

The mixed race of Ming people**, was smiling, standing on it. "Hello honey, good afternoon."

"Good afternoon my dear."

Abel walked over and asked, "What are you doing?"

"Play a game with Mary."

"OH?"

While speaking, Abel took the escalator to the second floor.

Jessica Alba snuggled close.

Abel kissed the girl's fiery body, bowed his head and sucked her red lips.

"What game are you playing?"

He still doesn't know that he actually has a lot of damage against girls.

Even though he really wanted to hug her right now. Head to the upstairs master bedroom and test VISpring's custom Simmons springs to see if they're still springy.

"You bought a PS2." » Jessica Alba said.

Abel looked towards the living room and discovered that the TV in the living room was indeed connected to the PS2 game console he bought.

Mary, Jessica Alba's bodyguard, stood next to her, nodding and smiling cautiously at her boss.

The small company's PS2 was released in March this year. In the first month, more than 600,000 sets were sold.

Sony has made a lot of money.

At that time, he also bought some games from PS2 and also earned more than 20 million USD from Sony.

Thanks to the success of the PS2, Sony's stock price increased by more than 10%.

Abel took advantage of this trend, buying Sony stock at a low price and making a lot of money. The building at 357 West 17th Street in Lower Manhattan, where Jessica Alba currently resides, was purchased at this time.

In total, more than 28 million US dollars were spent and Sony "helped" by donating 20 million.

(end of this chapter)