Oil prices steadied on Thursday, following sharp overnight losses as U.S. crude inventories unexpectedly rose, fears of recession mounted and economic data out of China and Europe disappointed. ›

British prompt gas prices fell on Thursday as strong power output from wind turbines reduced demand for electricity from gas-fired stations, while the system was balanced. ›

Demand falls related to a holiday in parts of the region on Thursday weighed on European spot power prices in Wednesday wholesale market trading, while a near trebling of day-on-day wind power supply in Germany added to the pressure.

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British wholesale gas prices fell across the board on Wednesday, pressured by oversupply coupled with low with summer demand levels, which broke the market’s week-long growth trend.

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Oil prices fell on Wednesday on disappointing economic data from China and a rise in U.S. crude inventories, erasing some of the sharp gains in the previous session after the U.S. said it would delay tariffs on some Chinese products, easing trade tensions.

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British wholesale gas prices rose on Tuesday morning as imports from Norway fell, creating undersupply.

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Oil prices fell on Tuesday, offsetting narrow gains in the previous session, as sluggish demand forecasts countered expectations that major producers would prop up oil prices by limiting crude oil output.

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European power prices for the day-ahead were mixed on Monday, as those in Germany traded lower on more supply and those in France rose on tighter local nuclear availability.

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British wholesale gas prices rose on Monday morning as wind power output dropped from Friday’s levels, increasing demand for gas for power plants.

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Oil prices edged lower on Monday amid worries about an economic slowdown and the Sino-U.S. trade war, which have led to a cut in the growth outlook for global oil demand.

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