British wholesale gas prices edged lower on Wednesday morning due to an oversupplied system and lower demand.

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British wholesale gas prices edged up on Tuesday morning, in quiet trade after a UK holiday, as weather forecasts showed a return to seasonal temperatures next week.

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Oil prices were mixed on Tuesday as supply cuts, led by producer club OPEC, and U.S. sanctions on fuel exports from Iran and Venezuela supported crude, while concerns about an economic slowdown weighed on the market.

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Oil prices recouped around 1% on Friday but were on track for their biggest weekly loss this year after swelling inventories and jitters over an economic slowdown led to big falls earlier in the week.

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British wholesale gas prices fell on Thursday morning, with gas for immediate delivery at a one-month low, due to oversupply.

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Oil prices dropped by around 1% on Thursday, extending falls from the previous session amid surging U.S. crude inventories and weak demand from refineries.

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British wholesale gas prices rose on Wednesday morning as imports from Norway fell.

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Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced.

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British wholesale gas prices fell on Tuesday morning as a ramp up in imports from Norway left the system oversupplied.

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Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year.

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