Key British wholesale gas prices fell on Monday morning but the price for gas for immediate delivery rose due to undersupply.

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Oil prices rose on Monday after U.S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week.

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The British wholesale day-ahead gas price fell on Friday, as anticipated warmer weather and far lower residential demand helped widen its discount to the within-day price.

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Brent crude on Friday extended sharp gains from the previous day following attacks on two oil tankers in the Gulf of Oman that stoked concerns of reduced crude flows of the commodity through one of the world’s key shipping routes.

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British wholesale gas prices rose on Thursday morning, with prices lifted by an under-supplied market and strong gains in oil following a suspected attack on two tankers in the Gulf of Oman near Iran.

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Oil prices surged on Thursday after a unit of the United Kingdom’s Royal Navy said it was aware of an incident involving a tanker in the Gulf of Oman near the Iranian coast.

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British wholesale gas prices fell on Wednesday, despite the system being undersupplied, following a decline in oil prices and as strong wind power generation is expected to cover part of the country’s energy demand.

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Oil prices fell nearly 2% on Wednesday, weighed down by a weaker demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts.

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European spot electricity prices were narrowly mixed on Tuesday as the bullish impact of higher day-on-day demand projections was counterbalanced by rising wind output in two key markets.

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British wholesale gas prices fell on Tuesday morning on expected falls in consumption over the coming days.

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