European spot electricity prices for next-day delivery posted gains in wholesale trade on Tuesday, buoyed by a forecast of an increase in German consumption, while lower gas and coal generation in Belgium and Netherlands provided support.

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Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China after positive comments by Beijing, calming nerves after a round of tit-for-tat tariff hikes had sent markets reeling.

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German prompt power prices firmed in wholesale market trading on Thursday as wind volumes looked set to fall, while forward contracts sagged along with weaker coal and carbon prices. ›

Oil prices dipped on Thursday, paring earlier gains, weighed down by worries about the global economy and bigger-than-expected builds in oil product inventories in the United States, the world’s biggest oil consumer.

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British wholesale gas prices rose on Thursday morning as imports from Norway fell ahead of expected maintenance and unplanned outages continued to curb domestic supplies.

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British wholesale gas prices rose on Wednesday, despite an oversupplied market, as an unplanned outage at a gas field was extended.

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Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in U.S. crude inventories, but ongoing worries about a possible global recession capped gains.

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British wholesale gas prices rose on Tuesday morning due to an unplanned outage at a gas field and lower wind output than the previous day.

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Crude oil prices edged up on Tuesday on optimism U.S.-China trade tensions will ease and on hopes major economies will take stimulus measures to ward off a potential economic slowdown that could hit oil demand.

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British prompt prices were mixed on Monday morning, with the within-day falling due to an oversupplied system and the day-ahead higher on forecasts for weaker wind output.

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