Epstein Secrets

lding the front contract and rolling down into the second each month. This equates to over 12% a year only in roll/slide. Jan Loeys 11-1 014 C014 John Normand (dt 1n) to 1R16 jimmilimmen Nikolaos Panigirtzoglou (do 1a1) 111A '19 I Seamus Mac Gorain ( ?4Gt~ Matthew Lehmann (I 212)831 8315 If you no

given improving US and European demand coupled with significant supply uncertainty in the Middle East (see Commodity Markets Outlook and Strategy, Colin Fenton, Aug 8). Additionally, tight supplies in energy have caused spot prices to be persistently higher than forwards, something we expect to continue. Th

n roll/slide. Jan Loeys <http://=maillink.jpmorgan.com/t/AQ/AAMGjA/AAYLOg/QIFDJA/Ael/ABuQqw/AQ/BEeu> (1-212) 834-5874 <tel:%281-212%29%20834-58=4> John Normand <http://=maillink.jpmorgan.com/t/AQ/AAMGjA/AAYLC/g/QIFDJA/Ael/A8QyhQ/AWGNvy> (44-20) 7134-1816 Nikolaos Panigirtzoglou <http://=maillink.jpmorgan.c

e given improving US and Europ=an demand coupled with significant supply uncertainty in the Middle East (=ee Commodity Markets Outlook and Strategy, Colin Fenton, Aug 8). Additi=nally, tight supplies in energy have caused spot prices to be persistently=higher than forwards, something we expect to continue. Th

yst certification and important disclosures. Global Asset Allocation Jan Loeys AC (1-212) 834-5874 [email protected] JPMorgan Chase Bank NA John Normand (44-20) 7134-1816 [email protected] J.P. Morgan Securities ple Nikolaos Panigirtzoglou (44-20) 7134-7815 nikolaos.panigirtzoglou@jpmorga

D JPY EUR GBP CHF CAD AUD TWI Source: J.P. Morgan More details in ... FX Markets Weekly, John Normand et al. Commodity Markets Outlook & Strategy, Colin Fenton et al. Oil Markets Monthly, Colin Fenton et al. Daily Metals Note, Colin Fenton et al. Agriculture Weekly, Dietz et al. HOUSE_OVERSIGHT_026575 ---

analyst certification and important disclosures. Global Asset Allocation Jan Loeys AC (1-212) 834-5874 [email protected] JPMorgan Chase Bank NA John Normand (44-20) 7134-1816 [email protected] J.P. Morgan Securities plc Nikolaos Panigirtzoglou (44-20) 7134-7815 [email protected]

0% - USD JPY EUR GBP CHF CAD AUD Source: J.P. Morgan More details in ... FX Markets Weekly, John Normand et al. Commodity Markets Outlook & Strategy, Colin Fenton et al. Oil Markets Monthly, Colin Fenton et al. Daily Metals Note, Colin Fenton et al. Agriculture Weekly, Dietz et al. HOUSE_OVERSIGHT_030851 --- P