British prompt wholesale gas prices fell on Friday morning as milder temperatures and stronger wind output curbed demand.

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Oil prices fell on Friday, coming off their biggest one-day gains in the previous session after U.S. President Donald Trump said he had brokered a deal between Saudi Arabia and Russia to cut output, but made no offer to reduce U.S. production.

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British wholesale gas prices rose on Thursday morning due to undersupply and as crude oil prices jumped.

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Crude oil futures jumped nearly 5% in early trading on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal in the next few days to end their oil price war.

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British wholesale gas prices fell on Wednesday morning and linger around 2009 lows, amid reduced demand due to higher wind output and temperatures, and as the summer gas season started.

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Global crude oil prices slid further on Wednesday, following their biggest-ever quarterly and monthly losses, as a bigger-than-expected rise in U.S. inventories and a widening rift within OPEC heightened oversupply fears.

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European spot electricity prices on Tuesday dropped on more supply and falling usage while forward prices tracked stronger fuels and carbon prices, recovering some ground after the coronavirus crisis curbed industrial demand projections.

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Oil recovered ground on Tuesday after U.S. President Donald Trump and Russian President Vladimir Putin agreed to talks to stabilise energy markets, with benchmarks climbing off 18-year lows hit as the coronavirus outbreak cut fuel demand worldwide.

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European prompt power prices rose on Monday as a late cold spell, with temperatures in the low Celsius digits, boosted short-term demand. ›

The British within-day gas price was lifted by an undersupplied system on Monday morning, while other contracts fell under pressure from continued weak demand.

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