Portugal weighing bigger Galp stake after Moeve merger collapse, minister says
Published . Updated .
This report is about oil and tanker shipping.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+13.9% 30d
United States Oil Fund: its price follows crude oil. Linked by “galp” (oil) in this story.
- XLE Energy Select Sector SPDR+12.1% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “galp” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “galp” (tanker shipping) in this story.
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“portugal”).
- SHEL Shell+0.1% 13d
Shell (crude petroleum and natural gas, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “galp” (oil) in this story.
- XOM ExxonMobil Holdings+13.4% 16d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “galp” (oil) in this story.
- BP BP p.l.c+5.4% 15d
BP p.l.c (petroleum refining, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “galp” (oil) in this story.
- CVX Chevron+15.7% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “galp” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | -1.54% | -1.29% | base | after close | after close | after close | after close |
| XLE | -0.51% | -2.20% | base | after close | after close | after close | after close |
| BWET | -4.39% | -3.93% | base | after close | after close | after close | after close |
| VGK | -1.12% | -0.25% | base | after close | after close | after close | after close |
| SHEL | -1.66% | -3.31% | base | after close | after close | after close | after close |
| XOM | -1.45% | -2.77% | base | after close | after close | after close | after close |
| BP | +0.21% | -1.25% | base | after close | after close | after close | after close |
| CVX | -1.54% | -2.69% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Market Call
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Portugal weighing bigger Galp stake after Moeve merger collapse, minister says Reuters
Source: Reuters
How far United States Oil Fund (USO) has moved since 1 Nov 2026
| Company | When | Move | Status |
|---|---|---|---|
| Bp (BP) | three days earlier | -1.25% | final price |
| Bp (BP) | five days earlier | +0.21% | final price |
| Amplify Commodity Trust (BWET) | three days earlier | -3.93% | final price |
| Amplify Commodity Trust (BWET) | five days earlier | -4.39% | final price |
| Chevron (CVX) | three days earlier | -2.69% | final price |
| Chevron (CVX) | five days earlier | -1.54% | final price |
| Shell (SHEL) | three days earlier | -3.31% | final price |
| Shell (SHEL) | five days earlier | -1.66% | final price |
| United States Oil Fund (USO) | three days earlier | -1.29% | final price |
| United States Oil Fund (USO) | five days earlier | -1.54% | final price |
| Vanguard Intl Equity Index F (VGK) | three days earlier | -0.25% | final price |
| Vanguard Intl Equity Index F (VGK) | five days earlier | -1.12% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | -2.20% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -0.51% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | -2.77% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -1.45% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold ExxonMobil Holdings (XOM), worth $1,001 - $15,000 on 14 Oct 2026. That is 18 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 62 days before publication. Filed 25 Sep 2026. View the filing.
- Rep. Pete Sessions sold Chevron (CVX), worth $15,001 - $50,000 on 14 Oct 2026. That is 18 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 39 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 60 days before publication. Filed 7 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around United States Oil Fund (USO)
Companies tied to this story
- USO United States Oil Fund
United States Oil Fund (USO) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “Portugal weighing bigger Galp stake after Moeve merger collapse, minister says.” Reason on file: United States Oil Fund: its price follows crude oil. Linked by “galp” (oil) in this story
- XLE Select Sector Spdr Tr
For “Portugal weighing bigger Galp stake after Moeve merger collapse, minister says,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence. Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “galp” (oil) in this story
- BWET Amplify Commodity Trust
In “Portugal weighing bigger Galp stake after Moeve merger collapse, minister says,” Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence. Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “galp” (tanker shipping) in this story
- VGK Vanguard Intl Equity Index F
For “Portugal weighing bigger Galp stake after Moeve merger collapse, minister says,” Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence. Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“portugal”)
- SHEL Shell
For “Portugal weighing bigger Galp stake after Moeve merger collapse, minister says,” Shell (SHEL) is linked, with no stored direction, medium confidence. Reason on file: Shell (crude petroleum and natural gas, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “galp” (oil) in this story
- XOM ExxonMobil Holdings
In “Portugal weighing bigger Galp stake after Moeve merger collapse, minister says,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “galp” (oil) in this story
- BP Bp
For “Portugal weighing bigger Galp stake after Moeve merger collapse, minister says,” Bp (BP) is linked, with no stored direction, medium confidence. Reason on file: BP p.l.c (petroleum refining, with business in Europe): oil producers' profits rise and fall with crude prices. Linked by “galp” (oil) in this story
- CVX Chevron
Chevron (CVX) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “Portugal weighing bigger Galp stake after Moeve merger collapse, minister says.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “galp” (oil) in this story
United States Oil Fund (USO)
“Portugal weighing bigger Galp stake after Moeve merger collapse, minister says” (1 Nov 2026) reaches United States Oil Fund (USO) through this story.
The link for United States Oil Fund (USO) is this: United States Oil Fund: its price follows crude oil. Linked by “galp” (oil) in this story
Select Sector Spdr Tr (XLE) is here too. Its reason reads: Energy Select Sector SPDR: its price follows crude oil. Linked by “galp” (oil) in this story
Dates and price levels for United States Oil Fund (USO)
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 141.82 and 171.80 across 20 sessions. The latest close on file is 168.83. XLE traded between 62.06 and 70.15 across 20 sessions. The latest close on file is 70.00.
How strong the case is around United States Oil Fund (USO)
46 out of 100
“Portugal weighing bigger Galp stake after Moeve merger collapse, minister says” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.