🔴 SG ETC Daily Long +2X Brent Oil Future (BRE2L.MI) is trading 10.4% down after Brent crude’s August 24 selloff

BRE2L.MI is trading at €51.20 (-10.41%) against the supplied comparison close of €57.15, primarily following Brent crude’s August 24 selloff.

• Brent futures settled at $92.17, down 2.35%, as traders took profits and viewed expanded U.S. Iran sanctions as less disruptive to near-term supply than feared.
• The ETC’s substantially larger decline suggests additional effects from leverage, daily resetting, currency movements, contract-roll mechanics, or an indicative-price adjustment.
• No separate BRE2L.MI-specific corporate catalyst was found.