🔴 Brent Oil 2x ETC (BRE2L.MI) is trading 9.8% down, with cause unverified amid Brent supply fears

BRE2L.MI is trading at €84.39, a change of -9.76%; the specific cause of the decline is unverified.

• Reports of seven tankers damaged or on fire near the Strait of Hormuz drove Brent to about $112 on October 22, raising supply-disruption concerns.
• The crude rally would ordinarily support this 2x long Brent ETC, which tracks Brent futures. However, the stated decline conflicts with a separate headline reporting the ETC up.