Liquefied natural gas (LNG) spot prices in Asia have dropped to seasonal lows and could remain weak on expectations of a mild winter depressing demand for gas for heating, trade sources and analysts said.

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Oil prices fell more than 1% on Monday amid concerns over the prospects of a trade deal between the United States and China, while worries about oversupply also weighed on the market.

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Britain’s prompt gas prices rose on Friday as cold temperatures increased demand for gas-fired power, offsetting a rise in Norwegian imports and liquefied natural gas (LNG) supplies.

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Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the United States.

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Oil prices rose on Thursday amid new hints from China on progress towards a trade deal with the United States, offsetting downward pressure from a huge increase in U.S. crude stockpiles.

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Britain’s prompt gas prices rose on Wednesday as colder than previously forecast temperatures lifted demand, balancing the system and offsetting a rise in Norwegian imports and liquefied natural gas (LNG) supplies.

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Oil prices fell on Wednesday, pulled down by a larger-than-expected build in U.S. crude stocks, after gaining for three sessions on expectations of an easing in U.S.-China trade tensions.

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Forecasts for higher power demand drove a rise in European prompt electricity prices on Tuesday as temperatures dropped in the main markets and German wind power generation fell. ›

British wholesale gas prices were mostly higher on Tuesday morning due to stronger demand though an oversupplied system put pressure on the price for immediate delivery.

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Oil prices steadied on Tuesday as investors kept an eye on U.S. inventory data due later in the day, following two days of gains on positive economic data and hopes for a Washington-Beijing trade deal.

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