EFTA Document EFTA01459739

Real Assets: Commodities - Volatility within the oil market continues. Last week, crude oil bounced off of its lowest level ($28.35/barreff since 2003 and moved above the key psychological 530/barrel barrier. A report that Russia was ready to negotiate with OPEC to cut production helped support prices. - However, as optimism on Russia's actions faded, crude oil posted its worst two-day decline (-11.1%) since March 2009 (Monday & Tuesday). - With NYMEX crude oil shorts remaining near a