BRE3L.MI is trading at €25.45 (+3.79%), reflecting continued strength in Brent crude and the ETC’s daily +3x exposure.
- Brent rose modestly to around $91.87 as traders assessed the U.S.-Iran conflict and shipping risks through the Strait of Hormuz.
- Persistent supply-disruption fears, rather than broad equity-market momentum, remain the primary catalyst.
- Leverage can amplify relatively small Brent moves; futures timing, roll effects, and EUR pricing may widen daily moves versus spot oil.