British wholesale gas prices rose on Monday morning on undersupply due to low flows from Norway and insufficient wind power to fill the gap.

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Oil rose to multi-week highs on Monday after OPEC indicated it would probably maintain production cuts that have helped support prices this year, while tension continued to escalate in the Middle East.

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Oil prices were steady on Friday, giving up earlier gains, and were on track for the first weekly increases this month, as rising tensions in the Middle East stoked fears of supply disruptions.

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British wholesale gas prices fell in an oversupplied market early on Thursday, with only day-ahead edging up on approaching maintenance.

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Oil prices pushed higher on Thursday for a third day in a row, as fears of supply disruptions amid heightened tensions in the Middle East overshadowed an unexpected rise in U.S. inventories.

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European prompt power prices on Wednesday were narrowly mixed, with Germany’s down on more wind power supply and those in France unchanged as nuclear supply increased to meet seasonally high demand.

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Prompt British wholesale gas prices edged lower on Wednesday as oversupply weighed on the market.

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Oil fell on Wednesday after data showed a surprise rise in U.S. crude stockpiles and as Chinese industrial output grew less than expected in April, but prices were supported by mounting tensions in the Middle East.

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British wholesale gas prices were mixed on Tuesday after heavy falls in the previous session, with the within-day contract recovering some ground and the day-ahead price slipping in a oversupplied market.

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Oil prices were moving higher on Tuesday, though gains were checked amid an escalation in the trade war between the United States and China.

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