European wholesale power for Monday delivery dropped in Friday trading, as Germany was set to see a tripling of wind power volume while demand was flat.

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British and European gas prices rebounded on Friday morning after posting heavy losses the previous day, as volatility remained high due to uncertainty over future Russian gas supplies.

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Oil prices steadied on Friday, clambering away from three-month lows, but they were still on track for a weekly loss of more than 5% as new lockdowns in countries facing surging cases of the COVID-19 Delta variant dampened the outlook for fuel demand.

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British and European gas prices fell on Thursday morning on news that the Nord Stream 2 pipeline will deliver 5.6 billion cubic metres of Russian natural gas this year.

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European prompt power prices were mixed on Thursday as Germany’s jumped on collapsing wind power supply and those in France dropped as more thermal and solar capacity became available.

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Oil dropped towards $66 a barrel on Thursday to its lowest since May, pressured by concerns about weaker demand as COVID-19 cases rise, a stronger U.S. dollar and a surprise increase in U.S. gasoline inventories.

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European wholesale spot power prices rose on Wednesday as wind supply is expected to fall throughout the region.

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British wholesale gas for day-ahead delivery rose to its highest level since Feb. 2018 on Wednesday morning as a drop in wind output increased gas demand for power generation.

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Oil prices steadied on Wednesday after four days of declines with investors still worried about the outlook for fuel demand as the use of rail, air and other forms of transport remained constrained amid surging COVID-19 cases worldwide.

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British wholesale gas prices fell on Tuesday, after strong gains the previous day, amid signs of higher Russian supplies, although underlying bullish sentiment remained in place.

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