EMERGING MARKETS-Mexican peso, stocks fall on oil price slump

MEXICO CITY, Feb 8 (Reuters) - Mexico's peso sank on Monday and stocks fell, dragged down by fears of a global economic slowdown and a drop in the price of oil, a key export for Latin America's second-largest economy. Brazilian markets were closed for the Carnival holiday. Global oil markets fell 3 percent to settle down for a third straight day on worries that U.S. crude stockpiles had reached record highs, while a Saudi-Venezuela meeting to boost prices showed little progress.