Chapter 918: His net worth has skyrocketed by billions of dollars
After resting at home in Washington for a night, the next morning Xia Yu drove for more than an hour to return to New York.
The most important thing next was to sell the oil futures and withdraw the funds safely.
The fact that he can now move around so comfortably and do whatever he wants is all thanks to the huge amount of money backing him up.
Although he still has a lot of liquid funds, you can never have too much money!
New York Galaxy Fund Company.
'Boss, after the US government issued its first decree yesterday, the price of oil futures skyrocketed. Yesterday's opening price was 33.83 US dollars per barrel, and it closed at 34.92 US dollars per barrel, an increase of 3.2% in one day.'
'The market opened today with a direct breakthrough of 35 US dollars per barrel, reaching 35.17 US dollars per barrel.'
Xia Yu looked at the electronic board, and Song Yangdi's words came to his ears.
Xia Yu nodded slightly. Just as he was thinking, the price of New York oil futures on the electronic board in front of him jumped again, from 35.29 US dollars per barrel to 35.35 US dollars per barrel.
It was only 10:52 a.m., and the market had only been open for 82 minutes. The price was already 0.33 dollars per barrel higher than yesterday's closing price, and it looked like the price would rise even more today than yesterday.
The Wall Street traders had increased their efforts.
Even if Xia Yu didn't investigate, he knew that capital from outside the United States was constantly flowing into Wall Street to speculate in oil futures.
Together with the various domestic funds, the US oil futures market is a battleground.
In addition to the market makers who are jointly formulating the harvesting plan behind the scenes, there must also be institutions that have seen this as an opportunity for Wall Street to reap in funds.
But those who can become leaders of financial companies all have extremely strong self-confidence and a big heart, otherwise they would not be at the top of the industry.
Therefore, they are still willing to take risks. As long as they seize the opportunity and do not let themselves become the last ones to take over, they will be able to make a fortune.
The futures market is a huge gambling table, and the stakes are much higher than those in a Las Vegas casino!
At 4pm on January 21st, the New York Mercantile Exchange closed for the day, and the price of New York oil futures was set at 36.17 US dollars per barrel, an increase of more than 3.5% over the previous day.
After the market closed, the frontline staff, who had been on edge all day, finally let out a sigh of relief. Xia Yu gathered the management team in the conference room after encouraging everyone.
After scanning the faces of the group, Xia Yu said in a deep voice, 'According to the trend of the past two days, the price of oil futures will break through the 37 US dollars per barrel mark tomorrow. After the meeting, you should check for any missing items, do a good job of ideological work in each group, and make sure nothing goes wrong tomorrow!'
'Yes!'
Everyone looked serious and answered in unison.
Xia Yu nodded slightly, his face softening again, and he gave a smile as he said, 'February 4th is the Chinese Lunar New Year's Eve, and there are only fourteen days left until the New Year. As long as there are no mistakes, then you will all be able to go home for the New Year, finish exiting the market early, and your bonuses will be settled faster.'
When it came to bonuses, everyone couldn't help but smile, and a few subconsciously licked their lips, clearly looking forward to it.
Seeing everyone's expectant expressions, Xia Yu smiled and said, 'It seems that everyone wants to get a bonus, but whether you can get one or not depends on whether the wrap-up work this time is done well. If there are any problems, don't even mention bonuses to me. It's hard to say whether you can go home for the New Year or not. Understand?'
Song Yang and the others suppressed their smiles and hurriedly responded, 'Understood.'
'Hm...'
After announcing the end of the meeting, Xia Yu returned to his office and began to plan his schedule for the year ahead.
There were only 14 days left before the Chinese New Year, and as most of his business was in Hong Kong, he had to return there as soon as possible.
There was still a lot of work waiting for him there, so he had to deal with things in the US as soon as possible and waste as little time as possible.
The following day was a beautiful, clear day.
At 9:30 a.m., the New York Mercantile Exchange officially opened for trading.
A similar scene to yesterday's unfolded once again.
After last night's fermentation, the enthusiasm in the hearts of oil futures speculators had accumulated even more.
After the market opened, oil futures once again opened sharply higher.
The price jumped from yesterday's closing price of 36.17 US dollars per barrel to 36.29 US dollars per barrel. Perhaps many institutions did not grab enough shares yesterday and tried to sneak in and grab shares at the opening of the market.
Of course, it is also possible that the market is being manipulated by the manipulators behind the scenes.
But Xia Yu didn't care about any of this. He stayed in the trading room, his eyes glued to the price fluctuations on the electronic board.
Not just him, but all the owners of the Galaxy Fund were on full alert. The team leaders and deputy team leaders of each operation team checked every aspect over and over again, and they were so meticulous in reminding their staff what to do that they were afraid that they might make a mistake at a critical moment.
For a while, the atmosphere inside the Galaxy Fund, especially in the various operation rooms, gradually became tense.
36.47 US dollars per barrel!
36.56 dollars a barrel!
36.69 dollars a barrel!
...
As the minutes ticked by, the price of New York oil futures continued to rise, showing no sign of dropping, even if it occasionally fell by 0.01 dollars a barrel!
Finally, at 2:33 pm,
the price on the electronic board jumped from 36.98 dollars a barrel to 37.00 dollars a barrel!
Without Xia Yu's word, the team leaders in each operation room gave the order to officially start the operation at the first opportunity. The traders in each group began to hang sell orders methodically according to the assigned tasks.
Now that global capital has flooded into the oil futures market, there are far more buyers than sellers. The reason why the price of oil futures has been pushed up all the way is that there has been too little shipping, so prices have had to be raised to attract buyers, or sellers have had to raise prices to sell.
It's just like the Galaxy Fund, whose strategy is to raise prices and sell.
A thousand lots are listed at the price of 37.08 US dollars per barrel.
Eight hundred and fifty lots are listed at the price of 37.09 US dollars per barrel.
Nine hundred and twenty lots are listed at the price of 37.12 US dollars per barrel.
In short, the number of sell orders placed by each operational team of the Galaxy Fund is not fixed, in order to prevent people with ulterior motives from suspecting.
With the current market fever, each financial institution has entered the market with at least hundreds of millions of dollars in leveraged capital, with some having tens or even hundreds of billions of dollars, all waiting to buy oil futures contracts.
Every time Galaxy Fund throws out a sell order worth 10 to 20 million US dollars, it will disappear without making a splash.
The waters of the New York oil futures market have long been mixed!
No one has time to think about whether these sell orders are problematic, because the moment you think about it, the futures contracts that appear in the market have already been bought by some company.
It wasn't until 4pm that the New York Mercantile Exchange, which had been open for business for six and a half hours, officially closed.
The various operating teams of the Galaxy Fund began to compile statistics, which were then summarised in Xia Yu's hands.
The results for the day, or rather the results from just over an hour from around 2pm to the market close, were freshly released.
A total of 21,500 futures contracts had been sold, and the funds returned to the bank were 800 million US dollars. The average selling price was 37.19 US dollars per barrel.
After seeing this total figure, Xia Yu's face broke into a smile.
The situation was better than expected.
He once again called everyone to a meeting to comprehensively analyse today's market, and then made a certain adjustment, which was to seize the time to ship as soon as possible.
After the meeting, the members of each group continued to work and began to withdraw the funds safely from the United States.
On January 23, the opening price was 37.35 US dollars per barrel, and the closing price was 38.24 US dollars per barrel.
The increase on this day was even smaller than yesterday, which proved that some capital had begun to hesitate.
However, there was also the influence of the Galaxy Fund, which dragged its feet to a certain extent.
Because by the end of the day, the Galaxy Fund had definitely shipped 138,000 oil futures contracts, and the amount of capital returned reached 5.223 billion US dollars.
According to the data feedback from the New York Mercantile Exchange after the market closed, the trading volume of oil futures contracts that day reached 1.08 million, which was 92,500 higher than yesterday's trading volume.
The number of contracts sold by the Galaxy Fund alone accounted for one-ninth of the total trading volume for the day.
But on the other hand, the turnover of oil futures contracts on the New York Mercantile Exchange that day was a staggering 40 billion US dollars!
It can be said that in the case of a sluggish gold futures market, the oil futures sector alone has surpassed the combined turnover of the entire New York Mercantile Exchange futures market!
The oil speculators during this period were crazy!
Due to the market's fervour, Galaxy Fund's withdrawal plan was progressing very smoothly and had accelerated considerably.
By 2:18 p.m. on January 25, the final 500 oil futures contracts in Group C were sold at a price of 38.81 US dollars, recovering the final 19.4 million US dollars!
All funds had been withdrawn!
After calculating today's data, Xia Yu immediately added the previous data.
His meticulously laid out plan that had lasted eight months had finally come to a successful conclusion!
A total of 313,600 oil futures contracts, after deducting various exchange fees and interest on previous leveraged financing, resulted in a total of 11.842 billion US dollars.
After deducting the invested capital, the net profit belonging to Galaxy Fund reached 4.704 billion US dollars!
This was Xia Yu's second biggest gain after copying the gold futures!
The family fortune had once again increased by 4.7 billion US dollars, still liquid capital, Xia Yu's self-protection ability and offensive power had once again skyrocketed.
Only outsiders don't know.
Of course, if Xia Yu really retaliates violently, then whoever causes trouble will be the one to suffer.
Afterwards, Xia Yu arranged for his employees to quickly withdraw the funds from the United States and transfer them separately to accounts at the Jiuding Bank in Hong Kong, the Chiba Bank in the island country, and the Swiss Bank.
As for other year-end tasks, Song Yang and the others were asked to return to Hong Kong and work with Liu Jiao and the others to handle matters such as the year-end bonus distribution.
In order to hurry, Xia Yu flew to San Francisco after the oil futures operation.
As soon as he returned home, he happened to receive a phone call from George W. Bush, saying that after his efforts, the shareholders agreed to withdraw their capital and transfer the equity to Xia Yu, and that the specific cooperation needed to be discussed face-to-face.
After informing George W. Bush that he would go to Texas to see the company, Xia Yu thought about it at home for half an hour, and then took a bus to an antique shop in San Francisco's Chinatown to buy an old object.
That evening, Xia Yu spent some time at home thinking about it, and formulated a plan of action for the next day.
Early on the morning of 28 January, Xia Yu boarded a short flight to Texas.