New Delhi, March 16 -- Global crude oil prices traded on a mixed note on Monday after the International Energy Agency (IEA) announced plans to release oil from emergency reserves to stabilize markets disrupted by the ongoing conflict in West Asia.

At 7:53 am, the April contract of benchmark Brent crude on the Intercontinental Exchange was trading at $103.95 per barrel, up 0.79%, while the April contract of West Texas Intermediate (WTI) on NYMEX was at $98.62 a barrel, down 0.09% from its previous close.

The move comes as the West Asia conflict deepens an already fragile global energy market, with disruptions around the Strait of Hormuz raising concerns over crude and liquefied petroleum gas (LPG) supplies and keeping volatility elevated...