BRE3L.MI is trading at €37.23 (+3.19%) as Brent rebounds amid renewed supply-disruption concerns after tanker incidents in the Gulf and Strait of Hormuz. - Brent was reported up $3.67, or 3.88%, at $98.29 in Thursday trading. - Traders also weighed hopes for de-escalation. - The ETC’s daily 3x long exposure magnifies moves in Brent.