Energy Down As Oil Closes Below $40/Barrel For 1st Time Since July — Energy Roundup

A selloff washed through global equity markets after reports that SoftBank Group could be unwinding a multibillion dollar bet on technology stocks.

Shares of energy companies fell slightly alongside oil futures. Oil prices closed below $40 a barrel in New York for the first time since July as the commodity was caught up in volatile trading.

A selloff washed through global equity markets after reports that SoftBank Group could be unwinding a multibillion dollar bet on technology stocks.

Malaysia’s Petroliam Nasional, or Petronas, swung to a net loss in the second quarter as impairment losses combined with a decline in revenue due to lower oil prices and sales volumes for petroleum products.

Write to Rob Curran at rob.curran@dowjones.com