Stronger demand and a forecast fall in German wind power generation drove slight gains in European spot electricity prices for next day delivery on Monday.

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British prompt wholesale gas prices jumped on Monday as demand for gas used in power generation rose due to low winds while the overall system was undersupplied partly due to lower contributions from LNG terminals.

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Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over a U.S.-Sino thaw that helped to lift crude markets by 2% at the end of last week.

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Oil prices jumped by 2% on Friday after Iranian news agencies said a state-owned oil tanker was struck by two missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions from a crucial producing region.

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Oil prices eased on Thursday on the expectations that the resumption of U.S.-China talks will not end the trade war between the world’s two largest oil consumers, exacerbating anxiety over the global economy and fuel demand.

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British wholesale gas prices declined on Thursday morning on strong wind output and liquefied natural gas supply.

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British wholesale gas prices tumbled on Wednesday despite chillier weather boosting heating demand as supplies increased from the North Sea and high wind generation dampened gas-for-power demand.

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Oil prices slipped for a third consecutive session on Wednesday as tensions escalated between the United States and China prior to this week’s trade talks, raising uncertainties for global economic growth and oil demand.

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British wholesale gas prices rose on Tuesday morning as a sharp decline in flows from Norway and forecasts for lower temperatures offset the effect of strong wind power generation.

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Oil prices were mixed on Monday with traders pegging cautious hopes for a rebound from last week’s losses on progress in talks on ending the U.S.-China trade war, against a backdrop of global economic slowdown weighing on future oil demand.

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