British wholesale gas prices declined on Friday morning on healthy supply.

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Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global demand.

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British prompt wholesale gas prices edged up in early trade on Thursday as strong winds continued to prevent some liquefied natural gas tankers from docking, resulting in undersupply.

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Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China fuelled fears of a pandemic which could slow the global economy and lower crude demand.

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Crude oil prices gave up early gains and slid for a fourth day on Wednesday as fears of a coronavirus pandemic deepened as the outbreak spread in several countries outside China.

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European prompt power prices rose on Tuesday as German wind power output was forecast to drop sharply and the capacity available at French nuclear plants shrank, while usage increased due to colder weather.

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British wholesale gas prices were mixed early on Tuesday after supply from Norway and the UK Continental Shelf rose and colder weather increased gas use.

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Oil climbed on Tuesday as investors sought bargains after crude benchmarks slumped almost 4% in the previous session, although concerns about the coronavirus spreading out of China and curbing major economies and fuel demand capped gains.

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British wholesale gas prices rose on Monday morning as low send-out from liquefied natural gas (LNG) terminals created undersupply.

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Oil prices tumbled by 3% on Monday, as the rapid spread of a coronavirus in several countries outside China left investors fretting about a hit to demand.

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