Oil prices jumped more than 1% this morning as overnight Russian strikes on Ukraine raised the prospect of further sanctions on Russian crude.
Russia's largest air assault since the conflict began left four people dead and dozens more injured, with the Kremlin accused of "mocking diplomacy", The Times reports.
Brent crude climbed 83 cents, or 1.26%, to $66.67 a barrel this morning, after the benchmark fell more than 2% on Friday as a weak US jobs data pointed towards dipping demand.
The Times reports Opec+, which includes the Organisation of the Petroleum Exporting Countries plus Russia and other allies, yesterday agreed to further raise oil production from October with its leader Saudi Arabia aiming to regain market share, while slowing the pace of increases compared with previous months.
The Russian attack, consisting of more than 800 projectiles, struck a government building in Kyiv and killed an infant among three others.
FTSE 100
The UK's flagship share index, the FTSE 100, was down 4 points at 9,220 shortly after opening this morning.
Brent crude oil futures were up 1.26% at $66.67 a barrel.
Companies reporting today