Crude oil futures fell on Monday, with U.S. futures dropping more than 10% to levels unseen since 1999 amid concerns that U.S. storage facilities will soon be brimful with demand evaporating due to the coronavirus pandemic.

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European prompt power prices for delivery on Monday were down in Friday wholesale market trading on mixed demand indications, with Germany’s usage forecast to fall and that in France to go up.

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Oil prices were mixed on Friday after the weakest Chinese economic data in decades showed the impact of the coronavirus pandemic, offsetting some earlier gains on optimism for President Donald Trump’s early plans to revive the U.S. economy.

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The April 2020 edition of the Energy Services newsletter is now available! ›

Oil edged higher on Thursday following sharp losses in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coronavirus pandemic ravages demand.

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European prompt power prices for next day delivery rose in wholesale trade on Wednesday, supported by a forecast fall in electricity generation from wind turbines

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Oil prices fell on Wednesday on persistent worries about oversupply amid global coronavirus-related lockdowns and as the International Monetary Fund (IMF) warned of a deep recession. ›

Oil prices rose more than 1% on Tuesday after the main U.S. energy forecasting agency predicted shale output in the world’s biggest crude producer would fall by the most on record in April, adding to cuts from other major producers.

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British wholesale gas prices were mixed on Thusday morning, as day-ahead gas rose on expectations of lower wind and temperatures, while gas for immediate delivery slumped to a new record low.

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Oil prices rose on Thursday on expectations the world’s largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand.

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