European spot electricity prices for Tuesday delivery rose on Monday, as renewable generation in Germany is expected to decline while temperatures are seen up in France and Germany, increasing demand for cooling.

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British wholesale gas prices rose on Monday morning, supported by lower flows from Norway and bullish carbon prices.

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Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand as increased COVID-19 vaccinations help lift travel curbs, along with tightness in supply.

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German electricity for Monday increased in Friday wholesale market trading as demand in France was forecast to rise while a big German nuclear reactor started disconnecting from the grid for a maintenance outage.

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U.S. investment bank Goldman Sachs expects Brent crude prices to reach $80 per barrel this summer, betting that a recent oil market rally will continue as vaccination rollouts boost global economic activity and demand for the commodity.

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British wholesale gas prices firmed again on Thursday on continued restocking demand and exports to the continent, which offset rising Norwegian supply.

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European spot electricity prices for Friday delivery slid on Thursday on a forecast of rising wind power supply in Germany and France.

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Oil prices fell on Thursday as inventory data in the United States, the world’s top oil consumer, showed a surge in gasoline stocks that indicated weaker-than-expected fuel demand at the start of summer, the country’s peak season for motoring.

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European power curve prices jumped on Wednesday, tracking gains in carbon permits and oil.

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British wholesale gas prices extended the previous day’s rally on Wednesday morning, still supported by ongoing maintenance in Norway and bullish Asian gas and carbon markets.

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