🔴 Brent Oil 2X ETC (BRE2L.MI) is trading 7.3% down despite Brent rising on supply fears

BRE2L.MI is trading at €51.20 (-7.33%) despite Brent crude settling 2.71% higher at $90.49 on August 31 after renewed U.S.-Iran clashes raised Strait of Hormuz supply-disruption fears.

• Brent continued rising to $91.05 on September 1 as reopening efforts stalled.
• Because BRE2L.MI targets twice the daily Brent-futures return, the sharp decline likely reflects stale, illiquid, or mismatched pricing rather than fundamentals.