BRE3L.MI is trading at €49.51, up 5.64%, with geopolitical risk premium the clearest explanation for the gain.
- Brent crude rose as traders priced in supply-disruption risks following Houthi claims of attacks on Saudi energy infrastructure and reports of vessel attacks in the Gulf.
- Brent reached $111.05 on October 20, its highest since May, according to CNBC. Intraday oil prices were volatile, and headlines reported Brent easing later in Tuesday’s session.