British wholesale gas prices declined on Thursday morning due to a slightly higher temperature forecast for this weekend and next week and a healthy liquefied natural gas supply outlook.

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Oil prices dropped on Thursday, extending losses into a second consecutive session, following a surprise build in U.S. crude inventories.

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British wholesale gas prices rose on Wednesday as low power generation from wind turbines created a supply deficit, increasing demand, traders said. ›

Oil prices were mixed on Wednesday, with Brent extending the previous session’s rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown on demand. ›

Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela.

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Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.

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British wholesale gas prices declined on Thursday morning on healthy supplies and reduced demand for heating due to milder temperatures.

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Oil eased from 2019 highs reached earlier in Thursday’s session, but markets remain relatively tight amid supply cuts led by producer club OPEC and U.S. government sanctions on Iran and Venezuela.

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British wholesale gas prices fell on Wednesday as mild weather created a supply surplus despite declining flows from Norway, traders said.

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Oil prices edged up on Wednesday, supported by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, although gains were limited by concerns over economic growth.

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