🔴 Brent Oil ETC (BRE2L.MI) is trading 5.83% down as recovering Middle East exports eased supply concerns

BRE2L.MI is trading at €70.72, with a -5.83% change as recovering Middle East exports eased supply concerns and weighed on Brent.

• Brent crude futures settled 2.6% lower at $102.59 on September 29 as markets focused on recovering Middle East exports.
• Saudi Arabia resumed tanker loadings from Yanbu after restarting its East-West Pipeline; regional crude exports rebounded.
• The decline is consistent with pressure on this daily leveraged long Brent product; supplied price context does not include trading volume.