This means that many countries are already at saturation in terms of their domestic oil consumption, and are temporarily halting their imports of oil.

Then the price of oil will drop.

All previously signed oil agreements will result in losses for customers and losses for oil-producing regions.

Xing Baohua finished reading the newspaper. "Those countries that are releasing oil are all small, insignificant nations! Even the Japanese are releasing oil; how long can they last?"

Yes, these small countries can't hold out for more than a few days. Their reserves will soon be depleted. If they still have oil left after the reserves have expired, it can only mean that a third oil-producing country is supporting their operations.

Oil prices are bound to rise, but we need to hold on in the early stages!

"They're trying to play tricks, aren't they? I can play tricks too." So he picked up the phone and called Yu Shenghai and Huang Xingyao to let them know there was a meeting tomorrow.

The meeting the next day was very simple; the two organizations were asked to announce their plans to raise funds.

They also offered an oil investment plan through Huahong Bank, which promised a 6.8% annual return.

This is almost equivalent to loan interest. Many people know that Xing Baohua is fighting against a certain force, and he was initially on the winning side, but unfortunately, the released information has suppressed his efforts.

Suddenly, queues formed at all Huahong Bank branches, with people wanting to buy the 6.8% wealth management product—it's only a one-year term, isn't it?

Even if you buy stocks, the profit from both gains and losses is less than 6.8%.

It would be better to hand it over to Xing Baohua and let him help make a profit; maybe he'll even be grateful to you.

It's not that Xing Baohua has a high reputation or that industry equals reputation, but rather that Xing Baohua has never lost money in the financial industry; he has always made huge profits. Hong Kong people are superstitious about this.

Huahong Bank raises funds through wealth management products, but many banks, upon learning this, turn to Xing Baohua for loans.

Xing Baohua did not take out a loan, but he had people spread rumors, such as that he had discussed a loan of 10 billion yuan with the president of HSBC, but no cooperation agreement had been reached yet.

Morgan Stanley, Standard Chartered, Citibank, and even mainland Chinese commercial and industrial banks all sent people to come and negotiate.

Through newspaper reports, it was as if Xing Baohua could raise 50 to 60 billion US dollars in a short time with just a wave of his hand.

So, is the outlook for the oil market bullish or bearish?

Many people hesitated, but those who didn't continued to follow Xing Baohua's direction and bought long positions.

Five or six hundred billion can indeed determine the direction in the short term, but the long-term direction is absolutely not something anyone can decide.

Do you really think the US and OPEC don't exist? They have hundreds of billions of dollars in daily transactions. How can you compete with a few hundred billion dollars?

They can block your escape route from the very source.

As expected, Xing Baohua's signal triggered a large number of people to follow suit and place buy orders.