Commodities prices on Monday fell from recent highs on profit-taking after speculators began to liquidate their record bet on surging prices, particularly in the energy complex.

Oil tumbled more than $2 a barrel to its lowest for nearly three weeks, with worries that the credit turmoil could slow down the US economy adding to the negative mood. Expectations that the hurricane season might not be as bad as feared also contributed to the losses, analysts said.