British wholesale gas prices for the near-term fell on Friday morning amid increased supply, but longer-dated contracts firmed in line with other fuels.

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Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic. ›

Oil prices rose for a second straight session on Thursday, as the possibility that OPEC+ producers might decide against increasing output at a key meeting later in the day lent support, alongside a drop in U.S. fuel inventories.

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British wholesale gas prices fell on Wednesday morning as forecasts showed an uptick in wind power generation from tomorrow.

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Oil prices rose on Wednesday as signs of progress in the COVID-19 vaccine rollout in the United States, the world’s biggest consumer, raised demand expectations.

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British wholesale gas prices were little changed on Tuesday morning, as forecasts confirmed an outlook for colder weather and low wind which lifted contracts by around 5% on Monday.

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Oil prices slid more than 1% on Tuesday as expectations that OPEC would agree to raise oil supply in a meeting this week weighed on sentiment, already hit by concerns over slowing Chinese demand.

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British wholesale gas prices rose on Monday morning as an increase in demand for gas for heating and power left the system undersupplied.

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Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a slowdown in China’s February factory activity growth capped gains.

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British wholesale gas prices edged up on Friday morning on expectations of colder temperatures and weaker wind output at the start of next week.

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