FTSE 100 Drops Most Since 2011 on Tumbling Glencore, Oil Stocks

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Sliding mining and energy stocks sent U.K. shares to extend their decline in the benchmark index’s longest losing streak since 2003.

The FTSE 100 Index has fallen 17 percent since its high in April and extended the decline today to fall 4.7 percent to 5,898.87 at the close in London. The index posted 10 straight days of declines, losing 12 percent in that time.

Anglo American Plc, Glencore Plc, BHP Billiton Plc and Rio Tinto Group each dropped 6.9 percent or more, sending a gauge of European commodity shares to its lowest level since 2009.

Royal Dutch Shell Plc and BP Plc fell at least 6.4 percent.

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