Reply #77: Commodity price falls put pressure on FTSE 100

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http://uk.reuters.com/article/2011/05/12/markets-britain-stocks-idUKLDE74B0DY20110512

LONDON, May 12 (Reuters) - A slide in commodity prices pummelled miners and energy stocks on Thursday, which led a broad-based fall for Britain's top share index.

A drop of more than 5 percent in oil prices on Wednesday dragged U.S. stocks sharply lower, and Asian and European equities have followed suit as worries about the demand outlook makes investors cautious on equities that are exposed to global growth.

Silver miner Fresnillo (FRES.L) was the top faller, off 3.5 percent, hurt by a sharply lower silver price XAG=. Miners .FTNMX1770 were the biggest drag on the index.

Energy stocks were also weaker, reflecting the sharp falls in crude overnight. BP (BP.L) fell 1 percent.