British wholesale gas prices dipped on Tuesday morning, correcting gains the previous day, amid a balanced system.

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European prompt power prices rose on Tuesday as rising temperatures throughout the region are increasing demand for cooling.

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Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran.

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European spot electricity prices for Tuesday delivery rose on Monday, as renewable generation in Germany is expected to decline while temperatures are seen up in France and Germany, increasing demand for cooling.

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British wholesale gas prices rose on Monday morning, supported by lower flows from Norway and bullish carbon prices.

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Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand as increased COVID-19 vaccinations help lift travel curbs, along with tightness in supply.

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German electricity for Monday increased in Friday wholesale market trading as demand in France was forecast to rise while a big German nuclear reactor started disconnecting from the grid for a maintenance outage.

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U.S. investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue as vaccination rollouts boost global economic activity and demand for the commodity.

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British wholesale gas prices firmed again on Thursday on continued restocking demand and exports to the continent, which offset rising Norwegian supply.

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European spot electricity prices for Friday delivery slid on Thursday on a forecast of rising wind power supply in Germany and France.

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