🔴 Brent Oil ETC (BRE3L.MI) is trading 11.32% down despite Brent futures rising

BRE3L.MI is trading at €32.97, down -11.32%; available evidence does not establish a specific cause for the decline.

• Brent rose on September 28 after Trump rejected Iran’s proposal, renewing concern about Strait of Hormuz oil flows; Brent futures were reported up 0.9% at settlement.
• BRE3L.MI is a leveraged long 3x Brent ETC, but the reported underlying move does not explain its sharp decline.