the last 10 years. Investors looking to express a bullish view on Brent crude oil can take advantage of premiums which are close to 10-year lows. IPE Bront Imo Implied Vol - Mid Implied Vol CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 123067 CONFIDENTIAL SDNY_GM_00269251 EFTA01461192