Global Oil markets continue to experience volatility, with Brent Crude Oil trading around $106 per barrel.
Meanwhile, WTI Crude Oil has seen a slight decline, with prices hovering near $93 per barrel.
Analysts attribute these fluctuations to ongoing geopolitical tensions and uncertainties in global supply chains.
In contrast, UAE Murban Crude Oil has surged by 6 percent, reaching approximately $112 per barrel.
Rising oil prices are increasing concerns about global inflation and economic stability across major economies.
Investment bank Goldman Sachs has warned that higher oil prices could negatively impact economic growth in the United States.
According to Goldman Sachs, elevated energy costs may lead to around 10,000 job losses per month in the US, signaling potential economic slowdown.
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