Who experienced the "Crude Oil Treasure" incident back then?
US crude oil futures dropped to one penny, and someone bought ten thousand yuan worth. Thinking to themselves: worst case scenario, I lose ten thousand yuan, just a small gamble, a little entertainment. Who knew, half an hour later crude oil futures crashed, and they owed 40 million yuan. Many people don't understand, let me break it down: At that time the price was one penny, ten thousand yuan could buy one million barrels. Later the price went to -40. At this point there are two options: 1, Wait a few days for crude oil delivery, you rent a ship to haul one million barrels of crude oil. 2, Sell off the one million barrel contract, but because the price is -40, you need to pay others 40 million yuan to sell the contract.
Who experienced the "Crude Oil Treasure" incident back then?
US crude oil futures dropped to one penny, and someone bought ten thousand yuan worth.
Thinking to themselves: worst case scenario, I lose ten thousand yuan, just a small gamble, a little entertainment.
Who knew, half an hour later
crude oil futures crashed, and they owed 40 million yuan.
Many people don't understand, let me break it down:
At that time the price was one penny,
ten thousand yuan could buy one million barrels.
Later the price went to -40.
At this point there are two options:
1, Wait a few days for crude oil delivery, you rent a ship to haul one million barrels of crude oil.
2, Sell off the one million barrel contract,
but because the price is -40,
you need to pay others 40 million yuan to sell the contract.