British wholesale gas prices declined on Wednesday morning as strong wind output and slightly higher flows from Norway curbed demand.

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Oil prices slipped on Wednesday on concerns that the pending Phase 1 trade deal between the United States and China, the world’s biggest oil users, may not boost demand as the U.S. intends to keep tariffs on Chinese goods until a second phase.

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European spot delivery electricity prices rose on Tuesday as forecasts for tighter supply in the main markets outweighed weakening demand.

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Prompt British wholesale gas prices edged lower on Tuesday morning as strong winds ramped up output from the country’s wind farms and curbed gas demand for power generation.

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Oil prices steadied on Tuesday, after recent declines, as investors focused on the signing of a preliminary trade deal between the United States and China, the world’s top oil consumers, and on expectations of a drawdown in U.S. stockpiles.

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UK wholesale gas prices mostly rose on Monday morning, supported by undersupplied system and expectations of tighter balance next week.

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Oil prices held steady on Monday as fears of conflict between the United States and Iran eased, with investors shifting their focus to this week’s scheduled signing of an initial U.S.-China trade deal, which could boost economic growth and demand.

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Power prices for Monday delivery rose sharply in the European wholesale electricity market on Friday on an expected drop in wind power supply and rise in demand as temperatures drop from mild levels.

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UK wholesale gas prices were mixed on Friday morning as lower gas-for-power demand, high stock levels marred the prospect of better prices from a drop in supply.

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