🔴 Brent Oil 3x ETC (BRE3L.MI) is trading 4.57% down after Brent crude profit-taking

BRE3L.MI is trading at €24.54 (-4.57%) after investors took profits following Brent crude’s sharp recent rally.

• Brent futures settled down 2.35% at $92.17 on August 24.
• Traders also reduced exposure while awaiting details of Washington’s new sanctions campaign against Iran, limiting the expected supply-risk premium.
• The ETC’s 3x daily leverage amplified the underlying Brent decline, while broader equity markets were largely flat.