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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British wholesale gas prices were mixed on Wednesday morning, with higher demand supporting some of the prompt contracts.

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Oil prices steadied 1% higher on Wednesday, well below peaks hit in frenzied trading earlier in the day after a rocket attack by Iran on American forces in Iraq raised the specter of a spiraling Mideast conflict and disruption to crude flows.

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European spot electricity prices fell on Tuesday on lower demand, rising wind power production in main producer Germany, and slightly higher nuclear availability in France.

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British wholesale gas prices mostly fell on Tuesday morning due to higher liquefied natural gas send-out and weaker consumption.

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