(Bloomberg) — Oil was whipsawed along with gold after France said that the U.S. and Russian presidents agreed to a summit meeting over Ukraine.
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West Texas Intermediate sank as much as 0.8%, reversing an early gain, after Joe Biden and Vladimir Putin agreed to the “principle” of a summit proposed by French President Emmanuel Macron, according to statements from the White House and the Elysee. There was no immediate confirmation from the Kremlin.
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