BRE3L.MI is trading at €43.00, down 3.41%, as markets weigh reports the U.S. may ease sanctions on shadow-fleet vessels, potentially improving oil-shipping availability.
- Continuing Strait of Hormuz attacks and broader risk-off trading also pressured crude.
- The IEA’s October outlook forecast average oil demand falling 2.6 million barrels a day in 2026.
- The ETC’s 3x daily leverage magnifies the underlying move; no volume data was provided.