Oil surges, stocks mixed as Trump dashes hopes of quick end of war

But "at some point, the markets are going to start to question the veracity of some of his statements," he added. Paris dropped about half a per cent, even as oil giant TotalEnergies was up almost three per cent on reports it made a US$1 billion profit in March trading petroleum products. "We are extremely concerned regarding the effect that this will have on inflation, on jobs and on food security," he told AFP as the World Bank partners with the International Monetary Fund and International Energy Agency to coordinate aid responses.