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.
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