Euro falls below $0.99, pound hits 29-month low, and UK and European wholesale gas prices jump after Russia keeps a key pipeline to Europe closed.
Gas prices likely to hit new highs as Russia shuts pipeline indefinitely
The oil price is rising this morning, on suggestions that the Opec+ group of producers could decide to cut production today.
Opec and its allies hold a regular monthly meeting from around noon, and sources suggest that they will discuss reducing oil production by 100,000 barrels per day in October.