The vortex-induced vibrations of an elastically mounted circular cylinder are investigated on the basis of direct numerical simulations. The body is free to move in the in-line and cross-flow directions. The natural frequencies of the oscillator are the same in both directions. The Reynolds number, based on the free stream velocity and cylinder diameter, is set to 3900 and kept constant in all simulations. The behavior of the coupled flow-structure system is analyzed over a wide range of the reduced velocity (inverse of the natural frequency) encompassing the lock-in range, i.e. where body motion and flow unsteadiness are synchronized. The statistics of the structural responses and forces are in agreement with prior experimental results. Large-amplitude vibrations develop in both directions. The in-line and cross-flow oscillations are close to harmonic; they exhibit a frequency ratio of 2 and a variable phase difference across the lock-in range. Distinct trends are noted in the force-displacement phasing mechanisms in the two directions: a phase difference jump associated with a sign change of the effective added mass and a vibration frequency crossing the natural frequency is observed in the cross-flow direction, while no phase difference jump occurs in the in-line direction. Higher harmonic components arise in the force spectra; their contributions become predominant when the cylinder oscillates close to the natural frequency. The force higher harmonics are found to impact the transfer of energy between the flow and the moving body, in particular, by causing the emergence of new harmonics in the energy transfer spectrum.