British wholesale gas prices were mostly higher on Wednesday morning as wind output is expected to decrease and temperatures dip.

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Oil prices rose for a third day on Wednesday after industry data indicated U.S. crude inventories fell much more than expected last week, reinforcing bullish views on fuel demand in the world’s largest economy.

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British wholesale gas prices rose to their highest levels since January on Tuesday morning, driven by lower send-out of liquefied natural gas (LNG), firm demand and high carbon prices.

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Oil prices dipped on Tuesday, reversing gains earlier in the session after more U.S. states eased lockdowns and the European Union sought to attract travellers, helping to offset concerns over fuel demand in India as COVID-19 cases soar.

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British wholesale gas prices rose on Friday morning on colder-than-normal temperatures and low wind output.

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Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the COVID-19 pandemic offset a bullish outlook on summer fuel demand and economic recovery.

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British wholesale gas prices rose on Wednesday morning as expectations of cooler weather ramped up demand and prices built on the previous day’s gains following the outcome of an auction for additional transit capacity through Ukraine.

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Oil prices rose on Wednesday amid optimistic forecasts of global fuel demand recovery, while the rapid spread of COVID-19 infections in India and a bigger-than-expected build in U.S. crude stocks capped gains.

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British and Dutch wholesale gas prices fell on Tuesday as the market awaited the outcome of an auction for additional transit capacity through Ukraine, which could increase Russian gas supplies.

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Oil prices rebounded on Tuesday after falling in the previous session, but gains are likely to be capped amid growing concern about fuel demand in India, the world’s third-biggest crude importer now slammed by spiralling new coronavirus cases.

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