European spot delivery electricity prices rose on Tuesday as forecasts for tighter supply in the main markets outweighed weakening demand.

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Prompt British wholesale gas prices edged lower on Tuesday morning as strong winds ramped up output from the country’s wind farms and curbed gas demand for power generation.

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Oil prices steadied on Tuesday, after recent declines, as investors focused on the signing of a preliminary trade deal between the United States and China, the world’s top oil consumers, and on expectations of a drawdown in U.S. stockpiles.

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UK wholesale gas prices mostly rose on Monday morning, supported by undersupplied system and expectations of tighter balance next week.

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Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial U.S.-China trade deal, which could boost economic growth and demand.

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Power prices for Monday delivery rose sharply in the European wholesale electricity market on Friday on an expected drop in wind power supply and rise in demand as temperatures drop from mild levels.

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UK wholesale gas prices were mixed on Friday morning as lower gas-for-power demand, high stock levels marred the prospect of better prices from a drop in supply.

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Oil prices dropped on Friday extending days of losses as the threat of war in the Middle East receded and investors switched attention to economic growth prospects and the rise in U.S. crude oil and product inventories.

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Spot power prices diverged in the European wholesale market on Thursday with France rising on strike action and higher demand while German prices fell due to increased wind power supply.

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Oil prices steadied on Thursday a day after tumbling on concerns raised by an Iranian missile strike on Iraqi bases hosting U.S. forces.

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