BRE3L.MI is trading 14.8% down today as Brent crude prices pull back following the exclusion of oil and gas from the July 24, 2026 U.S. tariff package.
- The reversal in energy prices comes as market fears of supply disruptions ease, supported by stabilizing tensions in the Middle East.
- As a 3x leveraged product, BRE3L.MI magnifies the underlying move in Brent, resulting in a sharp correction after prices recently spiked above $100.