Now that everything they could possibly do had been done, apart from leaving two people to monitor the market in real time, the rest of the team found various ways to pass the time. Other than drinking, He Wenjie didn't care what they did.
Soon, the event He Wenjie had been waiting for finally happened. Iran stopped exporting oil to the outside world, creating a daily shortage of nearly five million barrels in the oil market—accounting for about one-tenth of the world's total consumption—and oil prices skyrocketed instantly.
From the end of 1979 to March 1980, a mere sixty days, oil prices surged wildly to thirty-four dollars. He Wenjie started slowly offloading his holdings when it hit thirty-three dollars, ultimately achieving an average selling price of thirty-three point four dollars. Tallying up the final profits and deducting the principal, He Wenjie's account ended up with seventy-five million two hundred thousand. In just two months, he had quadrupled his capital four times over, yielding a profit of nearly sixteen times. Building on his original capital of one hundred thousand, He Wenjie took out another nine hundred thousand, bringing the total reward fund to one million to reward his team. After that, he gave the team a vacation.
Chapter 154