BRE2L.MI is trading at €77.11 (+5.34%) as Brent crude climbed to $108.38, up 3.60%, after renewed maritime attacks, Houthi strikes and Saudi Arabia’s East-West pipeline shutdown intensified concerns about disrupted exports.
- The pipeline closure could affect as much as 4% of global oil supply.
- The supply disruption provides a clear bullish catalyst for this leveraged Brent product.