European baseload electricity contracts for year-ahead delivery dipped on Friday, tracking a fall in carbon emission permits and gas prices, while spot power prices for early next week delivery fell on the expectation of lower consumption.

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British wholesale gas prices fell on Friday morning before the start of the summer gas season next week, amid oversupply and mild temperatures. ›

Oil prices rose on Friday amid the ongoing OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, putting crude markets on track for their biggest quarterly rise since 2009.

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British wholesale gas prices declined on Thursday morning due to a slightly higher temperature forecast for this weekend and next week and a healthy liquefied natural gas supply outlook.

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Oil prices dropped on Thursday, extending losses into a second consecutive session, following a surprise build in U.S. crude inventories.

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British wholesale gas prices rose on Wednesday as low power generation from wind turbines created a supply deficit, increasing demand, traders said. ›

Oil prices were mixed on Wednesday, with Brent extending the previous session’s rise, but gains were kept in check amid growing fears over the impact of a global economic slowdown on demand. ›

Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela.

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Oil hovered slightly below 2019 peaks on Friday, propped up by ongoing supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.

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British wholesale gas prices declined on Thursday morning on healthy supplies and reduced demand for heating due to milder temperatures.

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