British prompt wholesale gas prices were flat and slow to trade on Thursday, amid an oversupplied market.

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Oil prices jumped on Thursday, buoyed by signs that the U.S. crude glut is not growing as quickly as expected and that fuel demand battered by COVID-19 restrictions is starting to pick up.

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European spot electricity prices for day-ahead delivery tumbled on Wednesday on the back of an expected fall in demand amid a rise in wind power supply in Germany and France, while French nuclear production remains stable.

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Prompt British wholesale gas prices rose on Wednesday morning as cooler than usual temperatures boosted demand for gas and imports from Norway dipped.

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U.S. oil prices gained on Wednesday, trimming some of this week’s losses, after U.S. stockpiles rose less than expected and on expectations demand will improve as some European countries and U.S. cities moved to ease coronavirus lockdowns.

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European spot electricity prices fell sharply on Tuesday reflecting a near doubling of German wind supply while the key German curve contract for the year ahead dropped to a three-week low as coal and oil prices sagged.

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British wholesale gas prices were mostly lower on Tuesday morning due to oversupply.

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Oil prices slumped again on Tuesday amid concern about dwindling crude storage capacity worldwide and fears that fuel demand may only recover slowly once countries ease curbs imposed on economic and social activity to combat the coronavirus pandemic.

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Prompt British wholesale gas prices soared on Monday morning as cooler temperatures and forecasts for lower output from the country’s wind farms boosted demand for gas.

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Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not come fast enough to fully offset the collapse in demand from the coronavirus pandemic.

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