British wholesale gas prices fell on Thursday morning as European Union carbon prices retreated from record levels and on a balanced system.

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Oil prices fell 1% on Thursday as India’s coronavirus crisis deepened, halting a rally that had lifted crude to an eight-week high after the IEA and OPEC forecast a rebound in global demand.

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Oil prices rose on Wednesday after a drop in U.S. crude inventories reinforced OPEC’s robust demand outlook, while the market awaited fresh updates on the Colonial Pipeline outage.

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Falling power demand pushed European spot prices down on Tuesday and lower carbon and fuels costs curbed forwards after a session of record highs.

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British wholesale gas prices eased on Tuesday morning in a correction from gains seen the previous day, but overall bullish support factors remain in place.

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Oil prices fell on Tuesday as the prospect of the main U.S. East Coast gasoline pipeline remaining shut for the rest of this week led some U.S. Gulf Coast refiners to cut output, denting their appetite for crude.

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British wholesale gas prices rose on Monday morning due to increased demand from power plants and lower imports.

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Crude prices rose on Monday after a major cyberattack forced the shutdown of critical fuel supply pipelines in the United States and highlighted the fragility of its oil infrastructure.

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British wholesale gas prices fell on Friday morning after rising all of this week, with temperatures forecast to go up from tomorrow.

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Oil prices recovered after a 1% dip in the previous session on buoyant economic data from China and the United States, even as the surging COVID-19 pandemic in India capped prices. ›