British wholesale gas prices fell on Friday morning, erasing some of the gains made earlier this week after carbon prices rallied, due to oversupply and milder temperatures next week.

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Oil prices edged up on Friday, lifted by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on petroleum exporters Iran and Venezuela.

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British wholesale gas prices fell on Thursday as higher imports from Norway contributed to an oversupplied market. ›

Oil prices were dragged down on Thursday by surging U.S. crude stockpiles and record production, while economic concerns cast doubt over growth in demand for fuel.

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British wholesale gas prices rose on Wednesday, boosted by carbon prices reaching a 10-year high on expectations Britain will stay in the EU’s Emissions Trading System for longer if its departure from the European Union is further delayed.

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Oil prices inched up on Wednesday amid supply cuts by producer group OPEC and U.S. sanctions on oil exporters Iran and Venezuela, but pressured by expectations that an economic slowdown could soon dent fuel consumption.

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British wholesale gas prices rose on Tuesday morning due to an undersupplied system caused by robust demand and a fall in flows from Norway and liquified natural gas (LNG) send-outs.

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Oil prices were near 5-month highs on Tuesday as markets continued to tighten amid OPEC-led supply cuts, U.S. sanctions against Iran and Venezuela, and escalating violence in Libya.

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British wholesale gas prices fell on Monday morning, after steep gains on Friday, as flows from Norway through the Langeled pipeline returned to normal.

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Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, U.S. sanctions against Iran and Venezuela, fighting in Libya as well as strong U.S. jobs data.

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