Oil prices trade mixed as IEA says crude from reserves will start flowing in soon
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.
