British wholesale gas prices rose on Friday morning as dip in temperatures boosted demand and left the market undersupplied.

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British prompt wholesale gas prices fell on Thursday morning as higher wind output was expected to lead to lower gas-for-power demand and liquefied natural gas (LNG) send-out rose.

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Oil prices rose on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic.

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Oil prices fell early on Wednesday but later pared some of the losses on news that Britain has become the first country in the world to approve a vaccine for use and that it will be rolled out from early next week.

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British wholesale gas prices rose on Tuesday as forecasts showed colder weather in early December, lifting demand. ›

Oil prices fell on Tuesday as concerns over mounting supply returned to the fore after leading producers delayed talks on 2021 output policy, while the coronavirus pandemic continues to sap fuel demand.

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Oil prices tumbled on Monday on uncertainty about whether OPEC+ would agree to extend large output cuts at talks this week, but vaccine hopes still kept benchmark crudes on track to rise more than a fifth in November.

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Oil prices were lower on Friday in quiet trade due to the U.S. Thanksgiving holiday, dropping amid concerns about oversupply and doubts about a vaccine to end the coronavirus pandemic.

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Oil slipped on Thursday, stalling a rally driven by a surprise fall in U.S. crude inventories that added to bullishness over expectations progress on vaccines may end the coronavirus pandemic and revive fuel demand.

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British wholesale gas prices rose on Wednesday morning as colder temperatures boosted gas demand for heating and low wind speeds increased demand from power plants.

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