British wholesale gas prices fell on Wednesday morning as a ramp up in imports from Norway contributed to an oversupplied system.

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Oil prices dipped on Wednesday after a report showed a rise in available U.S. crude inventories, but the market remained tense amid an intensifying political crisis in Venezuela, tightening U.S. sanctions on Iran and continuing OPEC supply cuts.

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British wholesale gas prices were mixed on Tuesday, with the day-ahead contract boosted by the planned return of the IUK pipeline between continental Europe and Britain the next day, while other contracts declined on weaker carbon emission prices.

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Oil prices on Tuesday reversed earlier losses after Saudi Arabia said a deal between producers to withhold output that has been in place since January could be extended beyond June to cover all of 2019.

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British wholesale gas prices rose on Monday as colder-than- expected weather and low wind power generation increased demand from gas-fired power plants.

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Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.

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British wholesale gas prices rose on Friday morning as forecasts for cooler weather lifted demand.

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Oil prices dipped on Friday on expectations that producer club OPEC will soon raise output to make up for a decline in exports from Iran following a hardening of sanctions on Tehran by the United States.

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British wholesale gas contracts were mostly higher on Thursday morning as a drop in temperatures continued to provide support for the second day in a row. ›

Brent crude oil on Thursday rose above $75 per barrel for the first time in 2019 in the wake of tightening sanctions on Iran, while gains in U.S. prices were crimped by a surge in U.S. supply.

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