British wholesale gas prices rose on Monday morning amid an undersupplied gas system caused by lower liquefied natural gas (LNG) send-out and higher UK exports to the continent.

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Oil prices fell on Monday, paring last week’s gains, on worries a global oil glut may persist amid slumping demand and U.S.-China trade tensions that could restrict an economic recovery even as coronavirus pandemic lockdowns start to ease.

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British wholesale gas prices rose on Friday morning as a rise in UK gas exports to continental Europe and a drop in liquefied natural gas (LNG) send-out left the gas system undersupplied.

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Oil prices rose on Friday, extending the previous session’s gains, as major producers began output cuts to offset a slump in fuel demand triggered by the coronavirus pandemic while data showed U.S. crude inventories grew less than expected.

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British prompt wholesale gas prices were flat and slow to trade on Thursday, amid an oversupplied market.

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Oil prices jumped on Thursday, buoyed by signs that the U.S. crude glut is not growing as quickly as expected and that fuel demand battered by COVID-19 restrictions is starting to pick up.

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European spot electricity prices for day-ahead delivery tumbled on Wednesday on the back of an expected fall in demand amid a rise in wind power supply in Germany and France, while French nuclear production remains stable.

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Prompt British wholesale gas prices rose on Wednesday morning as cooler than usual temperatures boosted demand for gas and imports from Norway dipped.

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U.S. oil prices gained on Wednesday, trimming some of this week’s losses, after U.S. stockpiles rose less than expected and on expectations demand will improve as some European countries and U.S. cities moved to ease coronavirus lockdowns.

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European spot electricity prices fell sharply on Tuesday reflecting a near doubling of German wind supply while the key German curve contract for the year ahead dropped to a three-week low as coal and oil prices sagged.

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