SG ETC DAILY LONG +2X BRENT OIL FUTURE is trading 7.9% down today as the ongoing slump in Brent crude futures accelerates following a 60-day peace agreement between the US and Iran.
- The reopening of the Strait of Hormuz has significantly reduced geopolitical risk premiums, pushing Brent prices below the $80 threshold.
- As a 2x leveraged instrument, the fund is experiencing amplified losses while tracking the sustained downward pressure on oil benchmarks.