British wholesale gas for immediate delivery fell on Monday as low demand, in part due to high wind power generation, pushed the system into oversupply.

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Oil prices rose on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East Gulf, although gains were capped as Libya resumed output at its largest oil field.

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European baseload electricity prices for year-ahead delivery rose on Friday on the back of gains in carbon emissions, coal and other related fuel prices, while prices for early next week were buoyed by a forecast drop in conventional power generation.

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British wholesale gas prices were slightly higher on Friday as Norwegian gas was re-routed to continental Europe.

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Oil prices rose on Friday as tensions brewed again in the Middle East after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz, a major chokepoint for global crude flows.

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British wholesale gas prices fell on Thursday on increased imports from Norway and higher output from wind farms.

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Oil prices were mixed on Thursday with U.S. crude extending losses after falling in the previous session after data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. ›

European spot electricity prices for day-ahead delivery fell on Wednesday on the back of forecasts showing a rise in wind power generation amid weak consumption.

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British wholesale gas prices fell on Wednesday, extending this week’s losses after a prolonged rise since the start of the month, thanks to an oversupplied market.

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Oil prices rose on Wednesday after steep falls in the previous session, although U.S. crude trailed gains for international benchmark Brent following data showing U.S. crude inventories fell less than expected.

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