Super trader

The news is Zhou Yi sent him.

The futures exchange of the United States of America has just released an announcement, allowing crude oil to pay a negative price.

To be honest, when Chen Wei saw this news, some were born.

Get a price transaction?

What is a negative price transaction?

Chen Wei made a faster than two years of trading, and I have never heard of the negligence transaction.

He is even some unaffected.

How does this negative price transaction?

Regal, this is easy to understand, such as the crude oil quoted for more than one barrel, that is, buy a barrel of crude oil, three hundred dollars.

Can a negative price?

For example, a piece of money is a bucket, meaning it is to buy a barrel of crude oil, a penny doesn't have to spend the other party, but also pay for you?

Is there such a good thing?

Chen Weibai can't understand.

Immediately give Zhou Yi's call.

"What's going on? How did I suddenly take a negative price trading?" Chen Wei asked.

"We are also wondering, we have just discuss this matter, and ask people to ask other companies, everyone is a little incredible, you say that the negative price transaction is to buy a barrel of crude oil, each other I have to give us money? Is there such a good thing? The oil company must not lose? "Zhou Yi said in the phone.

"What is the trend of outside crude oil?" Chen We thought about it, asked.

"Big rise, 21.22 open, this will rise to 25, and you will run 26." Zhou Yi replied.

Chen Wei did not understand.

Out of such a message that is obviously biased towards the air, the crude oil is also rising.

Very embarrassed.

Chen Wei took a drink, and the brain was a bit turned.

Plus, he didn't have a short-awaited, but he had to say: "Forget, you study it first, I have no shortprint, wait until I go back, let's discuss it. I can't set it. I know some. If I don't work, I ask Ding Uncle. "

It is estimated that both of them should be able to understand the laundering, if they are not clear, then they have no way. During this time, they can only temporarily touch crude oil, first look at it.

Hanging up the phone, even Yingying asked him, Chen Wei said with her.

Just the negative price transaction even Chen Wei, this is a mist, even Yingying is more exciting.

Back to the hotel, it has been more than 12 o'clock, and Yu Fei has already slept.

Chen Wei did not bother him, plus himself, it was also sleepy, and took a shower and slept.

The next day, Chen Wei woke up early.

Rating straight to the next door to find a flight.

Yan Fei also woke up, was washing.

"Why don't you sleep more? Time is early." Yan Fei saw Chen Wei's two eyes red, obviously didn't sleep well, couldn't help but ask.

"Where can I sleep. Yesterday, Zhou Yi told me that the United States has released an announcement last night. The crude oil futures allowed the negative price to be transaction. Yan Ge, do you know this meant?" Chen Wei couldn't wait I asked.

"Negative price transaction?"

, is very surprised.

He did so many years of trading, and he heard that there was a negative price trading. For a time, he did not turn over.

"Yes, I am still the first time I heard that the negative transaction, tell the truth, I have a little turning, I haven't slept well last night, I have been pondering this thing, but I don't think I don't understand. So I wanted to ask you. "Chen Wei said.

Then I went to the sofa and sat down, turned on a notebook of Yufei.

Yu Fei also can't take care of it, go to the bathroom, hurry, come out, sit down.

Chen Wei has opened the computer and boarded the website.

Sure enough, I saw this message.

"It's really allowed to pay for a negative price?" Yan Fei also had some happiness for a time.

"This negative transaction means that the quote is negative, let's buy a crude oil, the other party is also paid to our money, that is the case, how much is it?" Chen Wei said.

Yan Fei looked at the announcement content on the screen, sinking: "I am afraid it is not so simple."

"I also know that it should be not so simple, but I always want to do it, I have a problem." Chen Wei shook his head and smiled.

"I am coming back yesterday, I didn't look at the outer disc. How did the outer crude oil last night?" Yan Fei asked.

Yu Fei was going to meet Shen Bing last night. Chen Wei did not ask him to meet. However, this will also take care of these things.

Chen Wei opened the software and saw the crude oil.

Sure enough, 21.22 opened, up to 27.39, but the end of the latter fell again, and finally received 24.75.

"What about the June contract?" Yu Fei pensive, and asked.

Chen Wei just looked at the crude oil futures contract in May. He heard that Yu Fei asked, and he cut it from June.

In June, crude oil futures last night, 24.19 opened, up to 30.15, and finally closed 27.36.

Moreover, these two days, crude oil has always been in the low disc, yesterday, this is equal to breaking.

Out of such a message, the crude oil does not fall, but it has risen, and it is a bit wide, and it is a bit not understanding.

I thought about it carefully, saying: "I don't know much about this outlet futures, I have fewed this. Do you know that it is this delivery mechanism?"

Yu Fei mentioned the delivery, Chen Wei's brain Hai Zhongton timeded a lightning, as if I thought about it, but I wanted it, I couldn't hold my hair. I simply checked the US-Lord Futures Exchange crude oil delivery mechanism.

This is easy to find.

"It turns out that this delivery is just in the designated warehouse ... I understand!" Chen Wei suddenly grabbed the thoughts of the flash.

"Is the excess production?" Yu Fei also said that he also guessed a bit.

Chen Wei took the thigh and said: "It is the output of production. I still have specially checked it. As of January this year, the global crude oil storage space is more than 12 billion barrels. Now the crude oil production is about 100 billion barrels now. The daily crude oil needs less than 100 million barrels, about more than 10 million barrels of crude oil, according to this speed, when in May, the global crude oil storage space is full, including the delivery designated by the exchange warehouse!"

Yu Fei also understood it and said: "So, the crude oil has a negative price, in fact, there is such a possibility."

"Yes, once the oil well is open, it is easy to shut down. It can only continue to take oil. Now the major oil-ownership, although the initial reduction agreement is reached, it is still facing the excess production. There is no place to store, and the money is not enough to find someone, and it is not surprising. "Chen Wei said.

As long as it understands that the negative oil price is possible, then the rest is very easy.

The exchange has launched a negative price trading mechanism, and it is definitely to address this situation.

Of course, launch a negative price transaction mechanism does not represent oil prices will fall to negative.

But at least, there is such a possibility now.