British wholesale gas prices rose on Monday morning as lower temperatures forecast for the week and maintenance at Norway’s gas export facilities increased demand and created a supply shortage.
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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. ›
