This time, Feng Yu came to the US and exposed the hidden information of those real estate finance and credit companies. This caused the US stock market to tremble.
But within a week, those companies were delisted or suspended from trading, and the US stock market stabilized. Even some real estate-related companies' stocks did not fall much, and they even showed signs of rising again under the lead of the market.
Although the media started to publicize the subprime mortgage crisis, this issue was overshadowed by another issue, which is the US presidential election.
In other words, at this time, many large countries were undergoing a change in leadership. It was rumored that this was also a conventional routine. Everyone will change their leadership at the same time, and no one will interfere with each other's elections. After the change of leadership, they will become friends again.
Of course, this was not absolute. Feng Yu felt that this was only a rumor circulating in the streets.
For example, some countries have different presidents, and the change of leadership will be different. It is a coincidence that they are all together. Hua Xia's term is every five years, and the US and Russia's term is every four years.
Of course, the combination of the US and Russia is enough to attract the world's attention.
Although the US stock market had stabilized, the momentum of the previous sharp rise had stopped. The stock market is still rising, but it is not rising as fast as before.
Indeed, many people are worried about the US stock market. There are even people who say that every time a country changes its leader, it is a cycle.
Because of policy changes or other reasons, some industries will be affected, and the financial market will inevitably be affected.
All sorts of rumors are flying around, and Feng Yu is not involved. Even if Soros wants to release news, he should release some real news. Why is he spreading rumors?
Feng Yu and Soros had started to enter the crude oil futures market, and some people also noticed that gold prices are rising. So, many investors invested their funds into the futures market, mainly to buy crude oil and gold.
When the Federal Reserve cut interest rates, and the market dumped USD, it caused the USD to depreciate slowly. Many people started to exchange USD for other products.
This is also the reason why the stock market rose.
Now, the USD has depreciated by more than 3%. This ratio might not seem high, but if you think about the amount of USD, you will know that this ratio is terrifying. Many countries' assets have evaporated by an astronomical figure.
The USD was still slowly falling, and it didn't seem like the Federal Reserve had any plans. This made the financial market even more prosperous. Many people who had never bought financial products before were now buying them.
Under such circumstances, Feng Yu, Fu Rongqi, Professor Liang, and the rest tried their best to push up the price of crude oil, and crude oil prices started to rise.
Now, the price of crude oil had reached sixty US dollars per barrel, which was ten percent higher than the price that Feng Yu and the others had bought it at!
Although 10% did not seem high, they had used at least twice the leverage and at most five times the leverage. Coupled with the huge amount of funds they had, they had already made a lot of profits.
However, this number did not satisfy Feng Yu.
Until now, only Iran had announced to reduce their crude oil production and asked the rest of the OPEC countries to respond. But no one responded.
At this time, the US and Saudi Arabia were still playing Tai Chi. The US did not say that they will reduce their imports from Saudi Arabia or support Saudi Arabia to be the market leader.
To put it bluntly, this matter would be handed over to the next government.
Saudi Arabia is also waiting for the US's response, especially after the election of a new US President.
As for the other countries, they are happy to see crude oil prices rising. This means they do not need to increase their production, and they can still make more money this year.
Just by selling oil, many of their countries could become developed countries, and each of them would be overflowing with wealth.
However, there are still some countries that are suffering, such as Iraq and Kuwait. Many countries are like Iran and owe a lot of foreign debts.
Their production is only so high, and the later they repay their debts, the higher the interest. Don't think that the interest between countries is low. If this is the case, then there must be other benefits involved.
So, Iran went to the other countries to negotiate. Everyone owes a lot of money, and now that crude oil prices are rising, we can repay our debts two to three years earlier. But why can't we repay our debts in two to three years?
As long as crude oil prices continue to rise and double, we will achieve our goal.
This is of great benefit to us, the OPEC member states. Not only Iran is making money, but the other countries are also making money.
What about those countries that do not lack money? You can choose to reduce your production.
This way, the oil and other resources in your country can be extracted for a longer period of time, and your country will be rich for a longer period of time. Isn't this a good thing?
At this moment, Iran started to lobby the other member countries, especially Saudi Arabia. As long as their leader agrees, things will be easy to settle.
But Saudi Arabia is still waiting for the US's reply, and they cannot give Iran a reply now. Also, Saudi Arabia does not only have oil. They are also doing well in many trades, and they are doing better than the other OPEC members.
But Saudi Arabia is not anxious, and the other OPEC members were persuaded by Iran. If they work together, they can push the crude oil prices higher, and this is in the interest of all the OPEC members.
Saudi Arabia still does not agree and announced a reduction in production. This cannot happen, as there is no reason for them to reduce their production. They have their own plans, and the most important thing is the US's attitude. But Saudi Arabia cannot stop the other countries. They cannot make the other countries listen to Saudi Arabia, right?
So, the OPEC members discussed. They cannot announce a reduction in production in OPEC's name, but they can announce it themselves.
Once those big countries look for trouble, whoever announces a reduction in production will take the blame.
A second OPEC member announced a reduction in production, and this news attracted a lot of attention.
What does this mean? Did OPEC decide to reduce production? Or is there a conflict among them? But since the second country announced a reduction in production, there might be a third or fourth country.
It seems that the crude oil production might really be reduced.
What does this mean? It means that crude oil prices will rise.
On that day, crude oil prices rose by 5 USD per barrel. Feng Yu saw this news, and his lips slowly curved up.
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