🔴 Brent Oil ETC (BRE3L.MI) is trading 10.6% down despite Brent’s Monday rise

BRE3L.MI is trading at €35.49, down 10.59%; the reason for the decline is not established by available evidence.

• Brent settled at $104.32 on September 25, then rose on September 28 amid renewed U.S.–Iran tensions over the Strait of Hormuz.
• Friday’s comparison close was supported by reports of diplomatic progress and a retreat in crude; Monday’s reversal in those expectations may have contributed to volatility. The ETF’s drop does not align with oil’s reported same-day direction.