Oil prices rose on Tuesday, reversing early losses on hopes that U.S. President Donald Trump may signal progress on trade talks with China in a speech later in the day.

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European prompt wholesale power prices rose to their highest level in 9 1/2 months on Tuesday after French utility EDF took three nuclear units with a capacity of 2,700 megawatts (MW) offline during this working week for earthquake-related tests.

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European week-ahead power prices rose in Monday afternoon trading on projections for increasing French power usage as temperatures are dropping in a market exposed to electric heating demand.

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Britain’s wholesale gas prices rose on Monday due to expectations for colder weather and consequently higher demand in coming days, with stronger carbon also lending support.

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Liquefied natural gas (LNG) spot prices in Asia have dropped to seasonal lows and could remain weak on expectations of a mild winter depressing demand for gas for heating, trade sources and analysts said.

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Oil prices fell more than 1% on Monday amid concerns over the prospects of a trade deal between the United States and China, while worries about oversupply also weighed on the market.

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Britain’s prompt gas prices rose on Friday as cold temperatures increased demand for gas-fired power, offsetting a rise in Norwegian imports and liquefied natural gas (LNG) supplies.

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Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the United States.

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Oil prices rose on Thursday amid new hints from China on progress towards a trade deal with the United States, offsetting downward pressure from a huge increase in U.S. crude stockpiles.

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