British wholesale gas prices rose on Friday as supplies from Norway fell ahead of maintenance on a large field, recouping some of the losses of recent days.

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Oil prices rose more than 1% on Friday, climbing further away from five-month lows hit earlier in the week after a report that Washington could postpone trade tariffs on Mexico and amid signs that OPEC and other producers may extend their supply cuts.

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British wholesale gas prices fell on Thursday morning as the market remained oversupplied for a second day, due to strong Norwegian gas flows.

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Oil prices firmed on Thursday after falling to near five-month lows in the previous session, but sentiment remained weak as markets remain under pressure from rising U.S. supply and a stalling global economy.

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European day-ahead power prices slipped in the wholesale market on Wednesday, pressured by forecasts showing a rise in German wind power generation and a fall in consumption in France.

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Prompt British wholesale gas prices largely fell on Wednesday morning on an oversupplied gas system and bearish signals from other energy commodities.

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Oil prices resumed their slide on Wednesday, dragged down by an unexpected gain in U.S. inventories and comments from the head of Russian state oil producer Rosneft questioning the point of a deal with OPEC to withhold supplies.

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Prompt British wholesale gas prices rose on Tuesday morning, recovering from near two-year lows hit a day earlier as supply and demand in the market was almost balanced.

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Oil prices fell on Tuesday as an economic slowdown starts to dent energy demand, but markets won some support after Saudi Arabia said a consensus was emerging with other producers about extending supply cuts.

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European power futures fell sharply on Monday in line with weaker coal, carbon and oil, and as gas prices tanked amid an influx of huge Norwegian supply into the European grid. Spot prices, however, responded firmer to tightening supply.

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