BRE3L.MI is trading at €46.67, up 6.44%, amid Middle East supply concerns; the reports do not establish the exact cause of the gain.
- Houthi attacks on Saudi infrastructure and reports of vessel attacks in the Gulf supported Brent’s geopolitical risk premium, raising energy-supply concerns.
- Reuters reported Brent near a five-month high on October 20.
- Traders also weighed recovering Middle Eastern flows and potential additional Russian fuel supply.