British wholesale gas prices were mixed on Thursday as wind generation remained at maximum levels but gas supplies were reduced due to lower send-out rates from a liquefied natural gas (LNG) terminal.

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Brent and West Texas Intermediate crude oil futures reached four-months highs on Thursday, as a production curb agreement by OPEC and its partners along with U.S. sanctions on Iran and Venezuela tightened global supplies.

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British wholesale gas prices fell on Wednesday morning due to strong wind output which reduced gas demand for power generation. ›

Oil prices rose on Wednesday, pushed up by ongoing supply cuts from producer group OPEC and by U.S. sanctions against Iran and Venezuela.

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British wholesale gas prices fell on Tuesday due to a surplus in the system driven by strong wind power production, with turbines reaching maximum capacity levels.

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Oil prices rose on Tuesday, as OPEC’s de facto leader Saudi Arabia appeared to deepen the group’s supply cuts aimed at tightening markets, although gains were capped by the ongoing surge in U.S. supply and worries over the global economy.

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British wholesale gas prices were slightly lower on Monday morning as strong wind power output reduced demand from gas-to-power plants.

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Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity.

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Oil prices fell on Friday amid growing investor jitters over the global economy, after the European Central Bank (ECB) warned overnight of continued weakness and as fresh data showed Chinese exports and imports slumped last month. ›

British wholesale gas prices edged higher on Friday morning on expectations of colder weather next week and reduced liquefied natural gas supply. ›