BRE2L.MI is trading at €43.87, up 6.31%, following Brent crude’s sharp rebound during the August 6 session.
- Brent settled at $82.49, up 3.83%, as renewed Middle East tensions raised supply-disruption fears across the Strait of Hormuz and Red Sea.
- Houthi attacks and reports of a Ukrainian strike on a Russian refinery added to the supply-risk premium, outweighing earlier optimism on Iran-Oman shipping cooperation.
- The commodity-specific advance was amplified by the ETC’s daily +2x structure tracking leveraged Brent futures.