The International Monetary Fund Monday cut its forecast for average oil prices to just below $60/b in 2019 from close to $70/b in its last World Economic Outlook in October on concerns about global economic growth. Further out, the IMF predicted oil prices would also average just below $60/b in 2020, down from $66/ b in its previous report. It pointed to the increased volatility in oil prices since August due to the influences of US policy on Iranian oil exports and more recently fears of weakening global demand. Crude prices hit a peak of $86/b in October as some in the market talked of a return to $100/v oil before ... (full story)