Oil prices slipped on Monday as the positive impact from COVID-19 vaccines and an OPEC+ deal on oil production cuts was undermined by surging coronavirus cases and heightened tensions between the United States and China.
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British wholesale gas prices rose on Friday morning as dip in temperatures boosted demand and left the market undersupplied.
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British prompt wholesale gas prices fell on Thursday morning as higher wind output was expected to lead to lower gas-for-power demand and liquefied natural gas (LNG) send-out rose.
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Oil prices rose on Thursday as producers including Saudi Arabia and Russia locked horns over the need to extend record production cuts set in place in the first wave of the COVID-19 pandemic.
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Oil prices fell early on Wednesday but later pared some of the losses on news that Britain has become the first country in the world to approve a vaccine for use and that it will be rolled out from early next week.
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British wholesale gas prices rose on Tuesday as forecasts showed colder weather in early December, lifting demand. ›
Oil prices fell on Tuesday as concerns over mounting supply returned to the fore after leading producers delayed talks on 2021 output policy, while the coronavirus pandemic continues to sap fuel demand.
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