From: Tazia Smith <1 To: [email protected] Cc: , Vinit Sahni , Nav Gupta Paul Morris , Vahe Stepanian Subject: Update: Jun14 WTI 101/93.50 Risk Reversal, $0.95/bbl [C] Date: Mon, 24 Mar 2014 13:59:42 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2) Classification: Confidential Jeffrey - Jun14 crude contract higher this morning, as you know. Indicative bid on your Zero cost risk reversal is $0.95/bbl vs spot of CLM4 spot of $99.35. You're up $95,000. ,CLM4 j 99_30 +.65 At 9:41 d Vol 12801 CLM4 COMB Comcity frovod 1D 3D 111 6M YTC 1 1 rjr'S.TVe As IS 00 lY 25 26 27 28 Feb 2014 17::5 SY ..," ' ic99.29 99 . 31 6x34 Prey 98.65 Op 98 . 70 Hi 99.48 Lo 98.29 0penlnt 208522 -- 98 Actions , 1=rle Line Chart PII une El El compare . ... === NO weer Chart I. Max 30 M11 V • A`: Security/Study M EVECIS + I Track - Annotate 'al Nets d Zoom I I i I I I I i i i i I I _am Price IRO 1 1 1 1 1 1 I 1 cl• Last Price 99.30 T High on 03/03 101:30 103.36 I 1 I 1 1 1 1 -40- Average I 1 [99.41 1------1-"' 1 1 1 1 III Prey Close -1---21 101.17 I I 03 04 05 06 07 10 11 12 13 14 17 18 19 20 21 24 Mar 2014 0 103.00 102.00 101.00 100.00 98.00 97.00 Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc EFTA01193468