BRE3L.MI is trading at €17.60 (-4.78%), primarily due to its leveraged daily-reset structure, futures-roll effects, and the earlier Brent selloff rather than Monday’s modest underlying-oil rebound.

  • Brent rose roughly 0.9% on August 10 as Iran’s conditions for reopening the Strait of Hormuz prolonged supply uncertainty.
  • The weak August 7 U.S. jobs report raised concerns about economic growth and future fuel demand, while the dollar weakened.
  • These factors may have amplified volatility but do not fully offset prior losses in a 3x daily product.