- November 5th, 2019
UK GAS-Prices mostly higher on stronger demand
British wholesale gas prices were mostly higher on Tuesday morning due to stronger demand though an oversupplied system put pressure on the price for immediate delivery.
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British wholesale gas prices were mostly higher on Tuesday morning due to stronger demand though an oversupplied system put pressure on the price for immediate delivery.
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Oil prices steadied on Tuesday as investors kept an eye on U.S. inventory data due later in the day, following two days of gains on positive economic data and hopes for a Washington-Beijing trade deal.
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British wholesale gas prices rose on Monday morning as demand for heating and from gas-to-power plants increased.
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Oil prices eased on Monday as traders took profit ahead of fresh European and U.S. economic data, despite hopes for some resolution to the U.S.-China trade row that has hurt global economic growth and crimped energy demand.
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British wholesale gas prices jumped on Friday morning as flows from Norway dropped sharply. ›
Oil prices were little changed on Friday but set for a slide of about 4% on the week hurt by rising global supply and concerns about future demand. ›
British wholesale gas prices fell on Thursday morning as higher Norwegian flows, strong wind power generation and a plethora of expected liquefied natural gas (LNG) cargos made for an oversupplied system. ›
Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a much larger than expected build in U.S. crude stocks. ›
Oil prices fell on Wednesday as worries over a possible delay in resolving the U.S.-China trade war which has hurt global oil demand competed with a drop in U.S. crude inventories which buoyed prices. ›
Prompt prices for British wholesale gas fell on Wednesday morning as oversupply and high levels of gas in storage weighed on the market. ›