British wholesale gas prices fell on Monday morning, with Norwegian supply and liquefied natural gas (LNG) send-out rising amid milder weather.

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Brent crude prices fell on Monday to their lowest in more than a year, dragged down by worries about lower demand in China, the world’s largest oil importer, following a coronavirus outbreak there.

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Monday prices in the European wholesale market diverged in the main markets France and Germany on Friday in response to mixed weather patterns, while power futures slumped along with related fuels.

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British wholesale gas prices declined on Friday morning due to weaker demand and oversupply.

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Oil prices rose on Friday following sharp losses this week, as the World Health Organization (WHO) came out against travel and trade restrictions in declaring a global emergency over the spread of a coronavirus that originated in China last year.

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Rising wind power volumes and slowing demand curbed European wholesale prompt power prices on Thursday, while power futures slumped in line with weaker carbon pollution permits.

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British wholesale gas prices dropped on Thursday morning as milder weather reduced gas demand, putting pressure on the market which is generally oversupplied this winter.

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Oil prices fell on Thursday as alarm spread over the economic impact of the Wuhan virus in China, while a bigger-than-expected increase in U.S. crude stocks added to the negative tone.

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A fall in wind power supply boosted German day-ahead wholesale power prices on Wednesday in a mixed session, in which prices in neighbouring France fell on declining demand.

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Prompt British wholesale gas prices fell on Wednesday morning, as forecasts for warmer temperatures and strong wind power output curbed demand.

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