European prompt power prices fell in the wholesale market on Thursday on weaker pre-weekend demand and higher renewables and nuclear supply.

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Prompt British wholesale gas prices fell on Thursday morning as imports from Norway increased, leaving the market oversupplied.

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Oil prices rose on Thursday, reversing early losses, as a sharp drop in oil stockpiles outweighed concerns that a spike in U.S. coronavirus infections and revived lockdown measures in California could stall a recovery in fuel demand.

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British prompt wholesale gas prices were mixed on Wednesday morning as a drop in exports to continental Europe was offset by lower liquefied natural gas send-out.

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Oil prices rose on Wednesday on improving factory activity in China and drawdown in U.S. crude inventories, both indicating an economic recovery and rise in energy demand despite surging coronavirus infections around the world.

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British wholesale gas prices rose on Tuesday morning amid an undersupplied gas system and a strong rise in U.S. gas and carbon emissions prices in the previous day.

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European prompt power prices rose sharply on Tuesday, with Germany’s day-ahead level more than doubling on lower wind output, while forwards contracts also gained.

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Oil prices fell on Tuesday as optimism for a straightforward recovery in fuel demand faded and a looming increase in supply weighed on the market, with Libya’s state oil company flagging progress on talks to resume exports.

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British wholesale gas prices were mostly up on Monday morning as lower temperatures raised consumption and flows through the Langeled pipeline were down.

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Oil prices slid for a second straight session on Monday as coronavirus cases rose in the United States and other places, leading some countries to resume partial lockdowns that could hurt fuel demand.

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