BUZZ-European resource stocks hit 5-yr low as commodity rout continues
** Stoxx 600 Basic Resources index hits a five year low with commodities continuing to fall, Glencore (Xetra: A1JAGV - news) off nearly 10 pct to record lows
** Thomson Reuters CRB Total Return down another 1.7 pct, hits lowest level since late 2003 as commodity exodus shows no signs of letting up
** Concerns of oversupply as global demand slows -- particularly from China
** Second worst day YTD for Glencore, down 9.1 pct after weak results and early strength on the day quickly drawing sellers
** Oil stocks also weak as Brent crude declines 3.3 pct
** WTI approaching $40/bbl level, hits 6-year low
** Tullow drops below 200p barrier for first time in 10 years, peers also sharply weaker
** Investors are more underweight EMs and commodities than they have ever been, latest BofA-ML fund managers' survey finds (RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)