The main reason for this high return is the high leverage of futures.
For example, because the agreement between the Organization of Petroleum Exporting Countries and Russia to stop crude oil production collapsed on March 20, 2000, it was impossible to reach an agreement to reduce production by 6.5438+0.5 million barrels per day; On March 2 1, Saudi Arabia launched a retaliatory price reduction, and all the oil was exported at a discount; Even threatened to increase daily output; The meeting that was supposed to discuss reducing production finally turned into a meeting to increase production.
The market reaction is also fierce; The Middle East stock market plunged across the board. On March 25th, crude oil directly gapped lower by 30%, and then fell to the historical position of 27.3. This position is basically the lowest point in history of 15.
Back to the domestic futures market, the main fuel contract opened at the limit in 2005. Decreased by 8.05%; Shanghai crude oil futures opened at a daily limit, down 6%. According to the futures market 10 times leverage; If Man Cang Aviation Oil Account floats 80% on March 20th; The floating profit of Man Cang Konghu crude oil is now 60%. Due to the limitation of price rise and fall; The contract for fuel oil and crude oil has only fallen so much. In such a market, it is very easy to double the account.