Crude falls to below $62 on demand concerns

Crude-oil futures fell Monday, briefly trading below $62 a barrel amid broad declines in global stock markets and commodities prices, as worries intensified that slower economic growth will reduce energy demand.

Stocks plunged in Asia and Europe, and U.S. markets also moved lower. The Organization of Petroleum Exporting Countries may make additional production cuts if last week's decision to lower output fails to stabilize prices, according to media reports.