Brent crude is trading at a four-month low following the International Energy Agency's (IEA) decision to boost oil supply last week. Oil is trading at $103.19 per barrel mid-morning, down around $1.5 dollars from Friday's close. The fall leaves the commodity trading at its lowest level since mid-February when it was trading at $102.36. The price of crude has dropped back in the last two months as concerns about the strength of the global economic recovery grow. It has come down 20% from a high of $127 per barrel in April, with the fall gaining momentum last week after the IEA said it would be releasing an extra 60m barrels of oil into the market. The IEA, which has only twice before in its history taken such action, is thought to have made the move in order to support demand, according to energy experts. As well as a fall in the price of oil, other risk assets also suffered, with Asian markets all closing lower overnight. The Nikkei dropped 100 points to end the session at 9,578.31, while the Hang-Seng fell 130.18 points to 22,041.77. Asian markets suffered as fears grew over new capital constraints on banks. However, UK markets proved a little more resilient with the FTSE 100 up 21.8 points at 5,719.54, nudged higher by a range of banks and miners. European shares are also firmer, with the FTSE Eurostoxx up 10 points to 2,726.36. Read more: http://www.investmentweek.co.uk/investment-week/news/2081779/oil-hits-low-amid-risk-assets-sell#ixzz1QTELPlN5 Investment Week - News and analysis for investment advisors and wealth managers. Claim your free subscription today.

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