Russian energy minister withdraws from energy conference

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Russia's energy minister canceled his appearance this week before a major global energy conference in Houston, where the Russian invasion of Crimea has now become a part of the agenda.

Oil and gas prices jumped Sunday night, as traders assessed the impact of geopolitical tensions between Russia, Western Europe and the U.S.

Alexander Novak, Russia's energy minister, was slated to speak Tuesday as part of a panel at the annual IHS CERAWeek conference, but pulled out on Saturday, the day after Russian troops moved into Crimea. The conference has now added a panel of speakers who are experts on Russia and Ukraine.

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