Chapter 40: Soaring International Crude Oil Futures

"It's like this. You know I'm planning to open a branch in Silicon Valley in the United States. The venture capital market in the United States is a big piece of cake, and the entrepreneurial boom there has always been very high." Yang Hai explained.

"I want to find a genius in investment there. His name is Li Ying. He is a Hakka from Guangdong Province and grew up in Linhai City. He immigrated to the United States with his parents to study. He was admitted to the Massachusetts Institute of Technology at the age of 17 and graduated at the age of 20. He received a bachelor's degree in computer science, a bachelor's degree in economics, and a master's degree in electrical engineering and computer science from MIT."

“After that, I successfully joined McKinsey in the United States as a management consultant.”

"Two years later, she became the director of marketing and sales of Ikanos. Two years later, she became the deputy general manager of UTStarcom."

"Two years later, she became a partner at KPCB. Her resume at every company she worked for was perfect and her performance was outstanding. It would be great if I could invite her to join my company and become the head of my US branch."

Shen Ruobing looked at Yang Hai and said, "Since you admire Li Ying so much, don't you know that Li Ying is now in China, responsible for KPCB's investment business in China?"

"Ah! Is Li Ying working in China now? I thought she was in Silicon Valley!" Yang Hai said in surprise.

"You want to go to America to find someone without finding out anything clearly. I don't know whether to say you are stupid or foolish!" Shen Ruobing laughed.

"How should I know so much? I thought she worked in Silicon Valley in the United States! By the way, how do you know that she works in China?" Yang Hai asked puzzledly.

"Do you know which university I studied in the United States?" Shen Ruobing asked with a smile.

"Which university? Is it also MIT?" Yang Hai thought for a while and asked.

"It can't be such a coincidence. You and Li Ying are classmates. You two have known each other for a long time and have been in contact all the time."

"It seems that you are not stupid! You figured it out so quickly." Shen Luobing nodded and said.

"We graduated in the same year. Li Ying is a beautiful and smart girl, but I, Shen Ruobing, am not much worse than her."

"It's really amazing!" Yang Hai gave a thumbs up and praised sincerely.

Anyway, there's no way he can be that powerful.

Graduating in the same year as Li Ying, Shen Ruobing also graduated from university at the age of 20. He then returned to China and founded the Lean Precision Technology Manufacturing Company, which has now developed quite well.

"Can you introduce her to me? I really want to hire her as the head of my American branch." Yang Hai said pleadingly.

"Of course I can introduce you to her, but I don't know whether you can invite her." Shen Ruobing said.

"Li Ying is now in charge of all domestic investments at KPCB. She is doing very well and is also a partner of KPCB."

"As far as I know, the two people Li Ying admires the most are Warren Buffett, the American stock god, and the boss of KPCB, where she works now."

"Do you think you can get her?"

Yang Hai wasn't really sure about this, but he had to give it a try to know for sure.

"Liu Bei visited Zhuge Liang three times at his cottage and asked him to come out of seclusion to assist him. I can also follow Liu Bei's example and visit Li Ying three times at his cottage and ask him to be the head of my American branch." Yang Hai said.

"It's up to you then! Anyway, I think the chances of you succeeding are slim."

As Shen Ruobing spoke, she picked up her cell phone and called Li Ying in front of Yang Hai.

"Li Ying is not in Linhai City right now. When she comes back, I'll treat her to a meal and introduce you to her. Whether you can invite her or not depends on you."

After Shen Ruobing finished talking to Li Ying, she said to Yang Hai, "Okay! If there's nothing else, I'll leave first to avoid disturbing your work." Yang Hai stood up and said with a smile.

"Let's go! I'm annoyed when I see you!" Shen Ruobing waved her hands and said with a sour face.

As soon as Yang Hai left, Shen Ruobing said to herself with resentment: "When he asked for help, he acted like a flatterer, but he just walked away right after he was done. This guy is so annoying. I'm so pissed off. I won't help him again next time."

Of course Yang Hai didn't hear Shen Ruobing's complaints.

A few days later, on February 2, the international crude oil futures price finally broke through the $28 mark, reaching $100 a barrel.

Yang Hai decisively ordered Huang Fulin to let the traders close their positions at high levels and then short the international crude oil futures.

Although the overall trend of international crude oil futures prices has been rising, it is impossible for them to rise in a straight line. There will always be a correction every once in a while.

After breaking through the $100 a barrel mark, a pullback is inevitable and the bears cannot help but resist.

After closing the position, the total assets in Yang Hai's account reached 2 million US dollars again. This time he still shorted 3 lots. Although he could short 4 lots or lots, Yang Hai still felt it was better to be safe.

After all, he couldn't be sure whether the flapping of the butterfly wings of this reborn person would change the course of history before his rebirth.

He was not even sure whether his memory was wrong. He only knew the general trend. Although he remembered some of the larger fluctuations in the middle, it was impossible for him to remember them so clearly.

To be on the safe side, Yang Hai withdrew another 100 million US dollars and transferred it to a bank account in Hong Kong.

At this point, the total funds in his Hong Kong bank account have reached US$8 million.

In the following two days, the price of international oil futures was generally stable, fluctuating between US$100 and US$101 a barrel, neither rising nor falling.

But two days later, the bears suddenly exerted their strength and suppressed the price of international crude oil futures all the way. The international crude oil futures trading price fell all the way to below US$98 a barrel.

At one point, it almost fell below $97 a barrel. Seeing the fierce battle between bulls and bears, Yang Hai had a premonition that the bears were about to lose. The bulls were already exerting their strength and it was impossible to let it fall below $97 a barrel.

So he decisively gave the order to everyone to close their short positions and go long again.

This time, there was more than 7000 million US dollars in Yang Hai's account, and the total funds in the account exceeded million US dollars.

This time, Yang Hai did not hesitate any longer and boldly bought 50,000 long orders, paying close attention to the movements of international oil futures prices to prevent a margin call.

The final result was just as he expected. The international crude oil futures price did not fall below the mark of $97 a barrel, but turned upward.

It quickly recovered its lost ground and broke through the $100 a barrel mark again, closing at $101.64 a barrel.

Overnight, the 5 long positions in international crude oil futures purchased by Yang Hai rose by US$4, making him earn US$2 million.

However, Yang Hai was not in a hurry to close his position. After several attempts, he was determined to create a historical high price this time.

Sure enough, in the next few days, the international crude oil futures trading prices soared, frequently breaking the historical records of international crude oil futures trading prices. The short side was simply scared and had no power to fight back, and they withdrew their orders one after another.

In the face of the general trend, they are simply unable to prevent the rise in international crude oil futures prices, because Western countries have launched attacks on Libya and even launched ground attacks.

(End of this chapter)