Already a Bloomberg.com user?
Sign in with the same account.
Galp Energia SGPS SA, Portugal’s biggest oil company, fell to the lowest in almost three years as Brent crude slipped below $100 a barrel for the first time since October.
The stock dropped as much as 7 percent and traded 4.6 percent at 9.187 euros at 12:01 p.m. in Lisbon. That would be the lowest close since July 2009.
All but one of the members of the Stoxx 600 Oil & Gas Index (SXEP) declined today.
Brent futures for July settlement fell as much as $2.27 a barrel, or 2.2 percent, to $99.60 a barrel on the ICE Futures Europe exchange in London. The commodity has lost 6.8 percent this year.
To contact the reporter on this story: Joao Lima in Lisbon at firstname.lastname@example.org
To contact the editor responsible for this story: Will Kennedy at email@example.com