British wholesale gas prices declined on Friday morning due to oversupply and expectations of lower consumption.

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European prompt power prices for Monday delivery rose on Friday as German wind power volumes were forecast to fall that day, but next week prices overall were down as demand will be shortened by the May 1 holiday.

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Oil prices climbed on Friday, adding to gains from earlier sessions after producers such as Kuwait said they would move to cut output and the United States approved another package to cope with the turmoil caused by the coronavirus outbreak. ›

European prompt power prices for day-ahead delivery fell sharply on Thursday as German wind power volumes were forecast to soar and demand to fall ahead of the weekend, more than offsetting some thermal plant outages.

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British wholesale gas prices mostly fell on Thursday morning due as a drop in demand created an oversupplied gas system. ›

Oil surged on Thursday amid signs that producers are cutting production to weather a collapse in demand as the coronavirus outbreak ravages world economies, while the U.S. state of Oklahoma also moved to help oil firms pump less.

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Oil prices slumped again on Wednesday, with Brent falling to the lowest since 1999, as the market struggled with a massive crude glut amid a collapse in demand for everything from gasoline to jet fuel caused by the coronavirus outbreak.

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Prompt British wholesale gas prices fell on Tuesday morning, extending losses from the previous day, amid low demand and oversupply.

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U.S. oil prices hobbled back into positive territory on Tuesday after sinking below $0 for the first time ever, but international benchmark Brent dipped as the global coronavirus crisis severely reduces demand for crude.

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Prompt British wholesale gas prices fell on Monday as strong output from wind farms curbed gas demand, leaving the market oversupplied.

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