BRENT.MI is trading at €28.87, up 3.55%, as Brent’s rally on supply risks directly benefits the ETC, which aims to reflect daily percentage changes in Brent crude.
- Brent rose above $101 on October 7 as threats to supply outweighed signs of increased Middle East exports.
- An approaching Gulf of Mexico storm raised risks to oil and gas production.
- Renewed Houthi attacks and tanker threats around the Strait of Hormuz added geopolitical supply concerns.