BRE3L.MI is trading at €36.55 (-6.96%) as the G7 reserve release eased immediate supply concerns and pressured crude prices.
- Brent briefly fell below $100 on October 2 as reserve-release news weighed on oil, before settling at $102.25.
- As a daily 3x long Brent product, BRE3L.MI can magnify losses when its underlying oil exposure falls.
- Middle East supply risks remained a counterweight.