BRE2L.MI is trading at €78.38 (+9.24%), with the move consistent with a sharp Brent rebound amid Middle East tensions and potential supply disruptions. - Brent futures gained 3.41% on September 24, with reports linking the rally to renewed regional attacks and supply fears; crude prices moved above $100. - The 2x long Brent ETC magnifies the underlying move. Strong U.S. PMI data and a Treasury-yield surge reinforced inflation concerns, supporting the energy trade despite broader equity weakness.