BRE2L.MI is trading at €99.66, down 4.01%, as Iran-related talks eased immediate fears of Middle East supply disruptions.
- December Brent settled at $113.88, down 1.67% on October 27.
- BRE2L provides 2x daily leveraged exposure to Brent futures, amplifying the underlying decline.
- Renewed Houthi attacks on Saudi Arabia kept supply risks elevated. Brent rebounded after a refinery attack in Wednesday trading, after the ETC’s last session.