British wholesale gas prices edged higher on Monday morning as supply from Norway and British liquefied natural gas (LNG) terminals fell, while the curve was lifted by rising oil prices.

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Oil prices rose a further 2% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after the killing of a top Iranian general.

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British wholesale gas prices rose on Friday morning as consumption increased, rebounding from losses the previous day. ›

Brent crude futures jumped nearly $3 on Friday after a U.S. air strike in Baghdad killed top Iranian and Iraqi military commanders, sparking concerns of disruption to Middle East oil supplies. ›

European prompt electricity prices for day-ahead delivery fell sharply in wholesale market trading on Thursday, as wind volumes in main producer country Germany were forecast to more than double by Friday.

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Prompt British wholesale gas prices fell on Thursday morning as strong liquefied natural gas output led to oversupply.

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Oil prices kicked off the new year higher on Thursday as warming trade relations between the United States and China eased demand concerns, while rising tensions in the Middle East fuelled worries about supply.

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Oil prices fell on Monday after an increase in U.S. drilling activity, but held near recent three-month highs on hopes for a trade deal between the United States and China. ›

British wholesale gas prices fell on Friday on warmer and windy weather, while longer-term British and continental gas prices slipped after progress in Russian-Ukrainian gas transit talks.

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Oil prices were steady close to three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook.

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