Oil dips on OPEC output-cut concerns, stocks shaky

By Saqib Iqbal Ahmed NEW YORK (Reuters) - Oil prices fell sharply on Monday to touch a one-month low on doubts about OPEC's ability to implement its planned production cut, while global equity prices were shaky as Wall Street struggled to build on a sentiment boost from a string of M&A deals. Month-end rebalancing and uncertainty over next week's U.S. presidential election helped demand for bonds even as they posted a weak monthly performance. Oil prices dropped more than 3 percent on skepti