Oil prices rose on Monday as positive noises from Washington over the weekend rekindled hopes in global markets that the United States and China could soon sign an interim deal to end their bitter trade war.
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British wholesale gas prices rose on Thursday morning as supplies from the country’s liquefied natural gas (LNG) terminals fell, leaving the market undersupplied.
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Oil prices edged lower on Thursday as fresh tensions between the United States and China over ongoing protests in Hong Kong fueled concern that a long hoped-for deal to end a trade war between the world’s top two economies may be further delayed.
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Britain’s prompt gas prices declined on Wednesday due to milder-than-expected temperatures that are seen rising at the weekend, coupled with strong wind power generation and liquefied natural gas (LNG) supplies.
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Oil prices slipped for a third day on Wednesday as a surge in U.S. stockpiles reinforced concerns about lacklustre global economic growth, while hopes ebbed for any movement on the U.S.-China trade war.
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British prompt wholesale gas prices were mostly lower on Tuesday morning amid expectations of weakening demand in the coming days.
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U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, while expectations of a rise in U.S. inventories also jangled nerves.
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European wholesale day-ahead electricity prices were mixed on Monday with France higher in response to colder weather and Germany falling on increased wind supply, while the forward benchmark for German delivery next year traded near 45 euros ($49.59) a megawatt hour, the lowest in 7 1/2 months.
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British wholesale gas prices were mostly lower on Monday morning due to expectations of lower demand from power plants and for heating.
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Oil prices inched higher on Monday, extending steady gains from the previous week, with investors awaiting fresh clues over prospects for a trade deal between the United States and China and shrugging off concerns over steadily rising oil supplies.
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