🔴 Brent Oil ETC (BRENT.MI) is trading 3.9% down despite little-changed Brent futures

BRENT.MI is trading at €26.95, down 3.87%, in a move suggesting commodity-specific weakness, not broad equity weakness.

• The decline contrasts with Monday’s oil rally after Trump rejected Iran’s proposal; early Tuesday, Brent was little changed, with November futures down 0.23% to $105.04 at 1022 GMT.
• Middle East supply concerns are partly offset by recovering exports: September regional shipments reached 12.8 million barrels a day, the highest since February. Reporting establishes no definitive catalyst for the ETF’s full decline.