BRENT.MI is trading down approximately 3% today as Brent crude prices retreat from recent highs following a geopolitical risk-driven rally.
- Crude prices have eased to the $76–$77 range after a U.S.-Iran military escalation briefly pushed Brent above $78, leading markets to reassess economic growth risks.
- The cooling of the risk premium has prompted profit-taking and position adjustments in leveraged oil products like the BRENT.MI ETC.