NEW YORK (MarketWatch) -- Crude-oil futures fell for a second session Monday, dropping to their lowest level in 17 months as plunges in global stock markets intensified worries that a global recession will reduce energy demand. Crude for December delivery fell $2.16, or 3.4%, to $62.99 a barrel in early electronic trading in New York. It fell to $61.30 earlier, the lowest since May, 2007. Crude slumped 11% last week.
