Mention of an 'Obama 5m of 696m SPR release'.
This document is an email from c. March 2014 written by 'Nav', likely a trader at Deutsche Bank, to an unnamed recipient. The email provides market analysis concerning a US Strategic Petroleum Reserve release and its geopolitical implications for Europe and Russia, and proposes specific WTI crude oil options trading strategies. A colleague named Tazia is CC'd to assist with pricing and liquidity.
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