Li Wen's feeling was indeed correct. The next day, a large number of main players entered the market and went long, and huge amounts of pay orders surged from all over the world. Whether it was Tiger Fund, South African consortium, Russian oligarchs, or other hidden forces, no one knew where these pay orders came from.

Why is the main short side of the Japanese side willing to submit so easily? After the main buyer entered the market, other main short side of the short side also emerged. However, as Tiger Fund internally reported, the long side was slightly better, and the price slowly moved upward in the fierce competition. By the close of May 17, the price had been pulled to US$28.34 per barrel.

Faced with the bulls' pressing step by step, the bears did not give up on the battle, and they were even more able to make a poor move. The means were not limited to trading orders on the New York Mercantile Exchange. Any move that could affect the price trend was used in large quantities. On May 18, a big title in the New York Times: Another super oil field was found in the Gulf of Guinea, and the net reserves of the oil field were estimated to reach 1 billion barrels!

At the same time, huge short orders emerged on the market that day. After creating momentum and tenacious counterattack, the price was knocked down to US$27.37 per barrel within one day.

At this time, news circulated that the Japanese side had already held a short contract of 20 million, accounting for 40% of the total short contracts. At the highest, the funds trapped reached 70 billion US dollars. However, the total amount of funds that the Japanese side could call was as high as 500 billion US dollars, and the 60 billion US dollars trapped only hurts his skin and flesh, and it is still far from hurting his muscles and bones. The Japanese side is far from admitting defeat. The 18th was a counterattack from Japan.

Faced with the Japanese side's delicious fat meat, the bulls were willing to let go. The next day, the bulls immediately organized a strong offensive, and the lost ground was gradually recovered, and the bears also resisted tenaciously.

The futures market is a zero-sum market. There are as many short contracts as there are. Since the main shorts have not admitted defeat, the main longs cannot take profits. The positions of both main players are monitored, and no one dares to act rashly. Whoever closes the position first will be hit by a thunderous attack, and both sides are in a difficult situation. In the following days, both sides continued to invest huge amounts of funds to fight a tug-of-war between US$27 and US$28.

Behind the calm are the turbulent waves. It is better to say that both sides are accumulating strength than to say that both sides are accumulating strength.

In a villa in Tokyo, Japan.

A young man stood by the window with his hands behind his back, as if staring at the green leaves outside the window.

"Your Highness, the guests are already waiting in the conference room." A humble cry suddenly came from behind the young man.

The young man who was honored as His Highness did not look back, but said lightly: "I understand..."

The beautiful woman, who was like a secretary, dared not say much, stood fearfully behind the young man and waited at five steps. After a while, the young man turned around and walked towards the door. Seeing this, the beautiful woman hurriedly followed.

Qiu Funren, twenty-seven years old, a member of the Japanese royal family.

There were more than a dozen people sitting in the conference room, all of whom were the most outstanding members of the family behind the six major consortiums. Qiu Wenren had just sat down. The middle-aged man sitting in the lower left seat looked at him with a serious face and said in a deep voice: "Qiu? Your Highness, how much chance do we have of victory?"

This middle-aged man is Masao Chi Sa, the representative of the Chi Sa family, one of the Mitsui Consortium's family, who is behind the scenes.

The relationship between the six major consortiums in Japan and the Japanese royal family is extraordinary.

Before World War II, Japan's consortium was called a chaebol. It was a large monopoly holding company (also known as the chaebol Kangcaien) that gradually developed after the Meiji Restoration to fight against Western economic aggression. At that time, more than a dozen such chaebols appeared in Japan, which controlled Japan's economic lifeline.

At that time, Japan was in the royal reign. These chaebols formed during the industrial revolution period in Japan. With the support and protection of the royal family, the most powerful ones were Mitsui, Mitsubishi, Sumitomo and Yasuda, commonly known as the "four major chaebols" in Japan.

Since almost all the chaebols were supported by the royal family, it can be said that the chaebols at that time were just the shadow of the Japanese royal family. Therefore, when Japan embarked on the road of military and nationality, these chaebols were followed by the economic support for the war, and these chaebols also plundered huge benefits from the war.

After World War II, Japan was entrusted by the United States, and the Japanese royal family was forced to abandon imperial rule. The emperor only acted as a nominal ruler and went from front to behind the scenes in the form of a constitutional monarchy.

On the other hand, in order to make its own economic interests, the US government implemented a suppression policy on the old chaebols in the name of antitrust, disbanding the Japanese chaebol organization, but retaining the existence of its banking organization.

These policies greatly reduced the royal family's control over the chaebols, but with the influence of the Bushido spirit, most of the families behind these disbanded chaebols are still loyal to the royal family.

Since 1951, the United States has gradually adopted a policy of supporting monopoly capital in the face of the Cold War.

For example, the amendment to the Prohibition of Monopoly Act in 1953 relaxed the restrictions on holding shares and part-time jobs of companies with competitive relationships, and the shareholding restrictions of financial institutions were expanded from 5% to 10%. These policies also gave Japanese chaebol organizations the opportunity to regroup.

With the new policy environment and the secret support of the Japanese royal family, based on the high integration of financial capital, industrial capital and commercial capital, the financial institutions of the old chaebol gradually regained their original subordinate enterprises and re-evolved into Japan's economic giant organization - a consortium.

Among these new consortiums, Mitsui, Sumitomo, Furong (Fuji), No. 1 and Sanhe are the largest, thus forming the six famous consortiums in Japan.

The only one who can mobilize the six major Japanese chaebols at the same time is the Japanese royal family. This time, the planner who used the suppression of crude oil prices to curb China's development of the East China Sea was Qiu Funren, the royal prince who is said to have a talented person.

Qiu Wenren tapped the table with his fingers, and a gloomy flashed across his deep eyes and said, "The current situation is not ideal. I didn't expect such a force to jump out and pretend to us. After all, our strength is not strong enough to form a deterrent."

The middle-aged man sitting in Akira's lower right seat said anxiously: "Do we really want to close the position now?" Jiro Iwasaki, the representative of the Iwasaki family behind the control family of Mitsubishi Consortium.

Qiu Wenren pondered for a moment before saying: "The collapse of the Soviet Union and the Cold War ended. All countries began to realize the importance of developing the economy. Economic aggression was far lower, more efficient and more effective than military aggression. At the same time, all countries realized that participating in the global market would be an inevitable development trend of the future economy, and closure would only lag behind. Whether in order to participate in the global market to plunder or resist economic invasions from other countries, all countries realized that only by concentrating manpower and material resources to the maximum extent and allocating resources to the most effectively can they play a role in a torrent to the pillar. Therefore, whether it is Europe, America, the West, China and India, in the past decade, they have been organizing giant groups through various means. Among them, especially in the financial field that plays a key role, many times, they are competing for financial advantages. This operation taught us a good lesson, which shows that we are not strong enough."

Jiro Iwasaki thought for a while, then asked with a little hesitation: "What does your highness mean?"

Qiu Wenren suddenly stood up, a gleam flashed across his eyes and said, "Merge! Our six major consortiums merge!"

Although the families behind the six major consortiums are still loyal to the royal family, it does not mean that these families are completely obeying the royal family. Moreover, they have complex interests and conflicts with each other are definitely quite a lot of secret battles. If the six major consortiums merge, the interests and power disputes involved will never be less than those of Japan's dynasty.

So, when everyone present heard Qiu Wenren's words, they were shocked and looked at Qiu Wenren in surprise, then looked at each other in surprise. Finally, Chi Zuo Masao said, "Your Highness, is this what Your Majesty mean?"

Qiu Wenren shook and said, "This is just what I thought of recently, but I will write to Your Majesty and the Cabinet in the near future, so that Your Majesty and the Cabinet will discuss with all the heads of the family."

The six major consortiums proposed by Qiu Wenren had no right to make a decision. After thinking for a while, Chi Zuo Masao turned the topic back: "Your Highness's proposal we will report to the family after we go back. Regarding this crude oil futures, do we really want to close our positions? Those longs will not easily let us close our positions. If we close our positions now, we will be snipered, not only will the losses be huge, but everything we did before will be wasted. Instead of closing our positions now, it is better to take a chance and maybe we can recover the losses."

As for the current price, with the financial advantages of the six major consortiums, if operated properly, there may not be no hope.

"When the breakdown is constantly, it will be in chaos. Now more and more forces are on their side. The longer the time is, the more unfavorable it is for us. Instead of falling deep into it, it is better for the hero to cut off his arm. I will bear the consequences of the failure alone. As for the matter of 'Baibirch' (the Japanese name for Chunxiao Oil and Gas Field) I will find another way."

Jiro Iwasaki said: "Since your Highness has made a decision, we will return your Highness's decision to the head of the family, and the head of the family and His Majesty will give instructions."

Brothers, collect and recommend! Thank you!

Note: This book intends to make structural adjustments and will develop into a consortium, rather than focusing on financial battles... I hope that book lovers who are paying attention to this book can leave some suggestions, thank you for your understanding and support!
Chapter completed!