Oil prices rose on Wednesday after steep falls in the previous session, although U.S. crude trailed gains for international benchmark Brent following data showing U.S. crude inventories fell less than expected.

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British wholesale gas prices fell on Tuesday morning as rising flows from Norway oversupplied the system, while power production from wind turbines was seen rising in coming days.

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Oil prices dipped on Tuesday, extending losses from the previous session, as output in the U.S. Gulf of Mexico resumed after Hurricane Barry and as U.S. shale production is set to rise to a record.

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Germany’s main power curve contract on Monday hit its highest level in nine months in the wholesale market and its French equivalent a seven-month high, both boosted by related carbon certificates reaching a fresh 11-year high.

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British wholesale gas prices rose on Monday morning on the back of reduced supply from Norway and low wind output which increased demand from gas plants.

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Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude oil importer.

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European spot electricity prices for early next week delivery tumbled in wholesale trade on Friday as forecasts showed a sharp rise in power generation from wind and solar sources in Germany, while consumption is expected to fall.

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British wholesale gas prices were mixed on Friday morning, with the gas for immediate delivery lower as higher imports from Norway left the system oversupplied.

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Oil prices hovered near six-week highs on Friday and was on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.

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European baseload electricity contracts for next year delivery extended gains in wholesale trade on Thursday, hitting fresh multi-week highs supported by carbon emissions and related energy contracts. ›