Crude oil futures lost more ground on Monday as the market was weighed down by U.S. output climbing to a record-high and expectations that OPEC members will raise supplies.

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UK day-ahead power prices for Monday fell Friday amid lower NBP gas prices, while the curve followed a similar trend, mirroring lower carbon allowance for December. ›

British wholesale gas prices were mostly down on Friday morning due to a well-supplied system and expected reduced consumption. ›

Crude futures regained ground after early losses on Friday, but the U.S. benchmark is set for a second consecutive week of declines as U.S. oil output comes close to matching that of top producer Russia. ›

British wholesale gas prices rose on Thursday as several installations prepared for – or were already in – outage, climbing far above seasonal averages despite consumption staying below norms for this time of the year. ›

Oil prices eased slightly on Thursday following a rally in the previous session, as investors eyed a surprise increase in U.S. crude oil inventories and looked to a possible rise in output when OPEC and other producers meet in June. ›

Prompt British wholesale gas prices rose on Wednesday morning as lower output from the country’s wind farms led to higher demand for gas from power stations. ›

Oil prices steadied on Wednesday after falling steeply in recent days on concerns that Saudi Arabia and Russia will pump more crude in the second half of the year in response to falling global crude inventories and rising consumer prices. ›

European prompt power prices rose on Tuesday as indications of tighter nuclear and renewables supply outweighed the bearish effects of slowing demand ahead of a holiday at the end of the week. ›

British wholesale gas prices for day-ahead delivery rose on Tuesday in anticipation of a planned outage at a gas terminal, just as forecasts for gas for power consumption rose. ›