European and British wholesale gas prices declined on Monday morning for the third session in a row as market players monitored the impact of COVID-related lockdowns on demand, although they said fundamentals still signalled a bullish outlook. ›
Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was weighing releasing oil reserves and as the COVID-19 situation in Europe worsened, raising concerns about both oversupply and weak demand. ›
European and British wholesale gas prices shed gains on Friday for the second day in a row in correction to the spike it saw earlier this week on Russian supply concerns. ›
Oil prices rose on Friday, after wild swings the day before, as investor bet that potential coordinated releases by major economies of their official crude reserves may have less of an impact on markets than expected. ›
European and British wholesale gas prices fell on Thursday morning, which market participants say is more of a correction in a volatile market than a fundamentally driven move. ›
Oil prices slid to six-week lows on Thursday as China said it was moving to release strategic reserves after a Reuters report that the United States was asking large consuming nations to consider a coordinated stockpile release to lower prices. ›
Oil fell on Wednesday after an industry report showed U.S. gasoline stocks dropped more than expected last week, potentially heightening pressure on the Biden administration to release oil from emergency reserves to cap soaring fuel prices. ›
Oil rebounded from a weak start on Tuesday as worries over tight inventories underpinned prices, although optimism was limited by fears over demand following a pickup in COVID-19 cases in Europe. ›
British and European wholesale gas prices rose on Monday morning on cooler weather and as the market players await transit capacity auctions on Monday that could indicate Russian supply to Europe for the next months. ›
Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand. ›
