British wholesale gas prices rose on Wednesday morning as imports from Norway fell.

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Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced.

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British wholesale gas prices fell on Tuesday morning as a ramp up in imports from Norway left the system oversupplied.

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Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year.

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British wholesale gas prices rose on Monday morning on undersupply due to low flows from Norway and insufficient wind power to fill the gap.

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Oil rose to multi-week highs on Monday after OPEC indicated it would probably maintain production cuts that have helped support prices this year, while tension continued to escalate in the Middle East.

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Oil prices were steady on Friday, giving up earlier gains, and were on track for the first weekly increases this month, as rising tensions in the Middle East stoked fears of supply disruptions.

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British wholesale gas prices fell in an oversupplied market early on Thursday, with only day-ahead edging up on approaching maintenance.

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Oil prices pushed higher on Thursday for a third day in a row, as fears of supply disruptions amid heightened tensions in the Middle East overshadowed an unexpected rise in U.S. inventories.

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European prompt power prices on Wednesday were narrowly mixed, with Germany’s down on more wind power supply and those in France unchanged as nuclear supply increased to meet seasonally high demand.

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