British wholesale gas prices rose on Wednesday morning as UK gas fields started to ease output ahead of maintenance outages starting from tomorrow.

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Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories and as investors awaited a widely expected cut in interest rates by the U.S. Federal Reserve, the first in more than 10 years. ›

Oil prices rose for a fourth day on Tuesday on optimism the U.S. Federal Reserve will this week cut interest rates for the first time in more than 10 years, supporting fuel demand growth in the world’s biggest oil user.

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British wholesale gas prices fell on Friday morning on oversupply even though Norwegian flows through the Langeled pipeline have dropped to zero.

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Oil prices edged higher on Friday on worries about Middle East tensions, though a flagging global economic growth outlook amid the U.S.-China trade war capped gains.

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Oil prices edged higher on Thursday amid Middle East tensions and a big fall in weekly U.S. crude stocks, but gains were stemmed by a frail demand outlook amid increasing signs of slowing global economic growth.

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European spot power prices for day-ahead delivery set new five-month highs on Wednesday, reflecting a tight supply-demand balance in the region’s summer heatwave.

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British wholesale gas prices mostly rose on Wednesday morning, with wind power generation expected to dip while a heatwave is expected to lead to increased demand for gas from power plants.

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Oil prices nudged higher on Wednesday on rising tensions over Iran, a sharp fall in U.S. crude stocks and positive signs on Sino-U.S. talks, although worries about weak demand kept a cap on gains.

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European spot electricity prices for day-ahead delivery rose on Tuesday with the French contract making strong gains as forecasts for a heatwave were set to boost power demand for cooling, while nuclear generation will slip due to planned outages.

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