European spot electricity prices for day-ahead delivery soared on Wednesday on the back of forecasts showing a sharp fall in renewables power generation and a fall in French nuclear generation, while consumption is expected to remain firm in Germany.

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British wholesale gas prices fell on Wednesday, retracing gains of the previous session which had been driven by short covering, despite an undersupplied system as outages in Norway continue.

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Oil prices rose on Wednesday after industry data showed U.S. stockpiles fell far more than expected, alleviating concerns about oversupply, while major U.S. producers evacuated rigs in the Gulf of Mexico ahead of a brewing storm.

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British wholesale gas prices rose on Tuesday morning as outages at Norway’s Troll field and Nyhamna processing plant reduced imports, while power generation from wind turbines was also low.

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Oil prices dipped on Tuesday on demand concerns following the latest signs the U.S.-China trade war is dragging on the global economy, although the potential for conflicts in the Middle East offered support.

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British wholesale gas prices were mostly higher on Monday morning in anticipation of maintenance at a field in Norway and an extension to an ongoing outage.

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Crude prices edged higher on Monday, supported by last week’s better-than-expected U.S. jobs data and geopolitical risks, but worries that a slower global economy will curb appetite for oil kept a lid on prices.

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European wholesale power prices for Monday were mixed in the Friday session of the over-the-counter market amid tight supply and falling demand projections.

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British wholesale gas prices fell on Friday as increased supplies from Norway, following increased output from the Troll field which has been undergoing annual maintenance, led to an oversupplied market.

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Crude oil prices fell on Friday as concerns over the outlook for global economic growth outweighed elevated tensions in the Middle East that could disrupt supply routes and send prices higher.

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