Global financial markets showed increased volatility on Thursday as oil prices continued their upward trend amid ongoing geopolitical tensions.

Energy stocks outperformed broader indices, benefiting from higher crude prices, while transportation and manufacturing sectors lagged due to rising input costs.

Analysts say markets are balancing competing forces: strong energy sector earnings and concerns about inflationary pressures.

Investors are also closely watching central bank signals for any shifts in monetary policy as inflation expectations adjust.

Despite short-term volatility, some strategists believe markets may stabilize if oil prices find a sustainable range in the coming weeks.