U.S. stock futures shot higher after French President Emmanuel Macron’s office said Biden and Putin have agreed 'in principle' to a summit -- but only if Russia doesn't invade Ukraine.
U.S stock-index futures bounced back from early-session losses Sunday after an announcement that President Joe Biden and Russia’s Vladimir Putin have agreed in principle to a summit to ease tensions over Ukraine.
Oil prices CLH22, -0.45% BRNJ22, -0.75% initially jumped near $93 a barrel before reversing course following the announcement, but West Texas intermediate crude was last down to around $90.50 a barrel. A potential war between Russia and Ukraine could send oil prices over $100 a barrel, analysts have warned.
The U.S. confirmed the announcement. “President Biden accepted in principle a meeting with President Putin … again, if an invasion hasn’t happened. We are always ready for diplomacy,” White House press secretary Jen Psaski said Sunday night.
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