Global equity markets experienced a mixed day of trading following a retreat in oil prices. Brent crude oil fell below $100 a barrel on Friday, reversing gains made the previous day due to heightened concerns over escalating conflict in the Middle East. The initial surge in oil prices had fueled fears of increased inflation and economic disruption. This pullback provided some relief to investors, though the overall market sentiment remained cautious. The situation remains fluid, with ongoing tensions in the Middle East continuing to influence market volatility. Analysts suggest that oil prices will likely remain sensitive to further developments in the region.