British prompt wholesale gas prices eased on Tuesday morning as higher deliveries from liquefied natural gas (LNG) terminals helped to offset lower flows from the UK continental shelf.

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European spot electricity prices for day-ahead delivery rose on Monday boosted by an expected rise in electricity demand due to cold weather, while forward contracts posted gains on the back of higher carbon emissions permits and coal prices.

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Oil prices rebounded more than $1 a barrel after earlier hitting multi-year lows on Monday, as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.

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German power delivery prices for Monday rose in the European wholesale market on Friday on forecasts for lower demand while forwards dropped along with losses in related energy markets.

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British wholesale gas prices declined on Friday morning on healthy supply.

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Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand.

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British prompt wholesale gas prices edged up in early trade on Thursday as strong winds continued to prevent some liquefied natural gas tankers from docking, resulting in undersupply.

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Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand.

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Crude oil prices gave up early gains and slid for a fourth day on Wednesday as fears of a coronavirus pandemic deepened as the outbreak spread in several countries outside China.

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European prompt power prices rose on Tuesday as German wind power output was forecast to drop sharply and the capacity available at French nuclear plants shrank, while usage increased due to colder weather.

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