The FTSE 100 fell about 0.4% on Wednesday, following a record high on Tuesday and four consecutive sessions of gains, dragged down by heavyweight commodity stocks due to a drop in oil and precious metal prices. Oil majors Shell and BP slipped over 2% after US President Donald Trump said Venezuela would send up to 50 million barrels of oil to the United States. Gold and silver prices also eased, trimming recent gains for miners; Fresnillo fell around 3% and Endeavour Mining was down about 1.2%. Meanwhile, traditionally less cyclical sectors outperformed. Telecom giant Vodafone rose about 2.4%, while utility companies Severn Trent, United Utilities and SSE also climbed as investors sought safer assets in a risk-off session.
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