Super Invincible Battleship

Chapter 1277 - 1277 504 Bankruptcy Liquidation

?Chapter 1277: Chapter 504 Bankruptcy Liquidation Chapter 1277: Chapter 504 Bankruptcy Liquidation Soon, the news from the Dream Island News Conference spread worldwide, revealing the discovery of a prodigious oil reserve underground on Dream Island. Dream Island now had a daily extraction capacity of 100 million barrels of oil and was set to sell premium oil at $50 per barrel.

International finance capital, which had already completed arrangements, was about to reap huge profits from the oil futures market when they were suddenly hit with catastrophic news akin to a nuclear bomb explosion. In an instant, prices on the World Oil Futures Market plummeted from a peak of $550 per barrel to $48—a mere tenth of the former price.

In a very short time, the oil futures contracts of international finance capitals were all obliterated and forcefully liquidated by the trading centers. As these financial institutions generally leveraged their operations, the forced liquidations wiped them out, causing them to lose everything and formally enter bankruptcy proceedings. Only a handful of financially robust international finance capitals remained, still holding on with hopes of turning their fortunes around with the remaining chips.