BRE3L.MI is trading at €37.08, down 5.62%, as Brent steadies near $102 after its prior surge.

  • Brent jumped 4.37% on October 1, settling at $102.31 amid renewed Middle East supply concerns.
  • Reports of a possible additional U.S. carrier deployment, attacks on tankers near the Strait of Hormuz, and stalled U.S.–Iran talks supported crude prices.
  • On October 2, Brent steadied near $102; the ETC’s daily 3× exposure can magnify moves in its Brent futures benchmark.