investingLive European session wrap: Oil prices surge as market sentiment sours

Market news from the European morning session on 2 April 2026 Headlines:Oil extends gains, risk slumps further after Trump addressCrude oil surges back above $100 after Trump's speech as traders price out optimismDollar back in favour as Trump address dims market optimismGold erases gains as Trump disappoints the market; Downside risks remainIran claims to have targeted US-linked steel… Headlines: . Oil extends gains, risk slumps further after Trump address Crude oil surges back above $100 after Trump's speech as traders price out optimism Dollar back in favour as Trump address di... Headlines: Oil extends gains, risk slumps further after Trump address Crude oil surges back above $100 after Trump's speech as traders price out optimism Dollar back in favour as Trump address dims market optimism Gold erases gains as Trump disappoints the market; Downside risks remain Iran claims to have targeted US-linked steel and aluminum facilities in the Gulf region OPEC+ set to weigh further oil production increase on Sunday -… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.