BRE2L.MI is trading at €75.81 (-3.09%) as Brent crude eased on an improved near-term supply outlook. - The G7 plans to release 100 million barrels from emergency reserves, while rising Middle East exports added to supply expectations. - These supply signals outweighed ongoing Iran-war and Hormuz disruption risks, weighing on the 2x daily long Brent-futures ETC. - The quote is live while the Milan market is closed; the move may reflect the latest underlying-futures repricing rather than a new October 5 ETC session.