BRENT.MI is trading at €28.70, up 3.67%, as stalled US–Iran talks and reports of additional US forces in the Middle East raised concerns about potential supply disruptions.
- Brent’s December futures settled at $102.31 a barrel, up 4.37% on October 1.
- China suspended oil-product exports, while US gasoline and distillate inventories fell, adding to concerns about tight fuel markets.
- The ETC tracks Brent crude futures, making rising oil prices the direct sector catalyst.