Oil prices extended gains for a third session on Wednesday, rising alongside broader financial markets as the United States is expected to approve a massive aid package to stem the economic impact of the coronavirus pandemic.

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The day-ahead British wholesale gas price edged higher on Tuesday morning as forecasts for lower output from the country’s wind farms was expected to increase demand for gas from power stations.

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Oil prices rose around 4% on Tuesday on hopes that the United States will soon reach a deal on a $2 trillion coronavirus aid package that could blunt the economic impact of the outbreak and in turn support oil demand.

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British prompt gas prices fell sharply on Monday morning as temperatures were expected to rise, and demand for gas was weak.

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Brent crude prices extended falls on Monday amid more action by governments to contain the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a worldwide economic contraction.

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British wholesale gas prices fell on Friday morning as higher liquefied natural gas (LNG) send-out and Norwegian flows created an oversupplied market.

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Oil prices rose by more than $2 on Friday, building on gains in the previous session after U.S. President Donald Trump hinted he may intervene in the price war between Saudi Arabia and Russia.

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Prompt British wholesale gas prices rose on Thursday as cooler weather boosted demand leaving the system undersupplied. ›

Oil prices rose nearly 10% on Thursday after a three-day selloff drove them to their lowest levels in almost two decades as demand plummeted due to the coronavirus and supplies surged in a fight for market share between Russia and Saudi Arabia.

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European baseload power prices for year-ahead delivery hit near two-year lows in wholesale trade on Wednesday, tracking the fall in leading oil, coal and carbon emissions contracts. ›