🔴 Brent Oil ETC (BRE2L.MI) is trading 5.85% down despite oil-supportive supply concerns

BRE2L.MI is trading at €73.65, down 5.85%; Brent’s latest direction does not explain the decline.

• Reports put Brent above $102 on October 2, amid renewed U.S.–Iran and Hormuz supply concerns.
• China’s suspension of refined-fuel exports added supply-tightening pressure. These catalysts generally support oil; product-specific pricing or tracking may explain the move, but available evidence does not confirm the cause.