From: Matthew ()Connor To: Matthew ()Connor CC: Tazia Smith Paul Morris < >, Jatin Bindal Subject: RE: Oil update [C] Date: Wed, 09 Apr 2014 16:04:41 +0000 lane -Images: image001.gif; image002.jpg Classification: Confidential Good morning. DOE stats came out this morning and with a draw of 5mm barrels of gasoline, WTI rallied. The collar is now trading at $2.40 with June 14 WTI trading at $102.20 From: Matthew OConnor Sent: Tuesday, April 08, 2014 12:45 PM To: Matthew OConnor; [email protected] Cc: Tazia Smith; Paul Morris; Jatin Bindal Subject: RE: Oil update [C] Classification: Confidential Oil just popped. A couple of factors, the DOE short term report cut OPEC spare capacity projections and also cut non- OPEC production estimates. We have rallied up to $101.53 in M4 (up nearly .80 from this morning). The collar is now trading at $2.00 Thanks, Matt Matthew O'Connor Managing Director I Commodity Investor Sales Deutsche Bank AG 60 Wall Street New York. NY From: Matthew Matthew OConnor Sent: Tuesday, April 08 2014 7:57 AM To: Matthew OConnor; Cc: Tazia Smith; Paul Morris; Jatin Bindal Subject: RE: Oil update [C] EFTA00662882