Oil prices nudged lower on Wednesday, taking a breather after a strong rally this week spurred by the loss of a quarter of Mexico’s production and signs that China, the world’s biggest importer, has curbed a recent coronavirus outbreak.

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European wholesale spot power prices fell on Tuesday as renewable supply was seen rising in Germany.

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British and European gas prices rose on Tuesday morning amid continued uncertainty around the Nord Stream 2 (NS2) pipeline startup and low liquefied natural gas supply.

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Oil prices rose on Tuesday after the U.S. drug regulator granted full approval to the Pfizer Inc/BioNTech SE COVID-19 vaccine, stoking investor hopes that higher fuel demand would follow a potential rise in U.S. coronavirus vaccination rates.

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European wholesale spot power prices rose on Monday, lifted by a forecast drop in German wind power supply and expected higher demand in both France and Germany.

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Oil prices rose on Monday, recovering from a seven-day losing streak with support from a weakerdollar, although concern about surging cases of the Delta coronavirus variant led to cautious trading.

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European wholesale power for Monday delivery dropped in Friday trading, as Germany was set to see a tripling of wind power volume while demand was flat.

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British and European gas prices rebounded on Friday morning after posting heavy losses the previous day, as volatility remained high due to uncertainty over future Russian gas supplies.

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Oil prices steadied on Friday, clambering away from three-month lows, but they were still on track for a weekly loss of more than 5% as new lockdowns in countries facing surging cases of the COVID-19 Delta variant dampened the outlook for fuel demand.

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British and European gas prices fell on Thursday morning on news that the Nord Stream 2 pipeline will deliver 5.6 billion cubic metres of Russian natural gas this year.

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