From: Matthew ()Connor 5 To: Matthew ()Connor <[email protected]> CC: Tazia Smith Subject: RE: Oil update [C] Date: Wed, 09 Apr 2014 18:32:06 +0000 Inline-Images: image001.gif; image002.jpg >, "[email protected]" , Paul Morris < >, Jatin Bindal Classification: Confidential Dovish FOMC minutes sent all markets rallying. M4 WTI has moved up to $102.65 and the collar is now worth $2.60 as we head into the close. From: Matthew OConnor Sent: Wednesday, April 09, 2014 12:05 PM To: Matthew OConnor; [email protected] Cc: Tazia Smith; Paul Morris; Jatin Bindal Subject: RE: Oil update [C] 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; jeevacS@g i mail.com 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 EFTA00662890