British wholesale gas prices rose early on Tuesday, supported by colder weather and lower liquefied natural gas (LNG) supply.

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Oil futures steadied on Tuesday after five days of declines on concerns a virus outbreak in China could dent demand for oil, with some analysts suggesting the falls may be overdone.

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Prompt British wholesale gas prices edged higher on Monday as lower output from liquefied natural gas (LNG) terminals and strong demand for heating left the market undersupplied. ›

Crude prices fell more than 2% to multi-month lows on Monday as the rising number of cases of the new coronavirus in China and city lockdowns there deepened concerns over oil demand.

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European prompt power prices for early next week fell sharply in Friday trading on the European wholesale market, due to forecasts for German wind power supply to more than double while usage was predicted to fall.

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British wholesale gas for immediate delivery inched down on Friday morning, as forecasts for strong output from the country’s wind farms and curbed gas demand for power.

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Oil prices climbed on Friday, following a drawdown in U.S. crude stocks, but were set to fall heavily for the week amid worries that a new coronavirus in China that has killed 25 so far may spread, curbing travel, fuel demand and economic prospects.

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British wholesale gas prices fell early on Thursday, pressured by decreasing demand and expectations that mild weather will continue.

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Oil prices fell to their lowest in seven weeks on Thursday, sliding more than 1% on concern that the spread of a respiratory virus from China may lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago. ›

European spot electricity contracts for day-ahead delivery climbed in wholesale trade on Wednesday, helped by a continued fall in German wind power generation while low temperatures strengthened demand.

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