British wholesale gas prices rose on Thursday morning as tempratures were expected to drop and liquefied natural gas (LNG) supply remained weak.

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Oil prices were little changed on Wednesday, supported by a bigger-than-expected drop in U.S. crude inventories but under pressure as rising global COVID-19 cases threatened global fuel demand.

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Oil prices rose on Wednesday, with U.S. crude gaining for a seventh day, after an industry report showed a further drop in inventories and investors shrugged off worsening developments in the pandemic.

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British wholesale gas prices soared to fresh more than two-year highs on Tuesday  as colder weather stoked demand and rocketing Asian liquefied natural gas (LNG) prices curbed  supply to Europe.

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Oil prices slipped on Tuesday as investors remained concerned about climbing coronavirus cases globally, but expectations of a drawdown in crude oil inventory in the United States for a fifth straight week kept losses in check.

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British wholesale gas prices on Monday morning rose to their highest levels since  December 2018, buoyed by forecasts of cold weather and competition to attract shipments of liquefied natural gas (LNG).

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Oil prices fell on Monday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China.

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Oil prices on Friday hit 11-month highs and were on track for a strong weekly gain as a rally in global equities fed risk appetite and stoked bullish sentiment following Saudi Arabia’s pledge to cut output.

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British wholesale gas price rose on Thursday morning as forecasts for the second half of the month showed lower temperatures than previously expected and imports through the InterconnectorUK dropped.

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Oil prices rose almost 1% on Thursday after a fall in U.S. stockpiles added further support following the unilateral decision by Saudi Arabia, the world’s biggest exporter, to cut output over the next two months.

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