Still, this amount was more than enough. During the persistent volatility in oil futures prices, he rode the market's momentum, chasing rises and falls. He kept his transactions to around ten thousand contracts at a time, and by Christmas Eve 2006, his account had accumulated to $310 million.
At this point, Yi Anguo had no open positions left. He once again transferred out $210 million, leaving only $100 million behind. After the international crude oil futures price rose to $61 per barrel, he decisively shorted thirty thousand contracts.
Based on his memory of the 2007 international crude oil futures market, the year began with a continuous, sharp decline in prices.
When the fundamentals of supply and demand, geopolitical risks, and speculative capital were all relatively stable, weather became the most important factor affecting oil price trends.
