CNBC | Oil prices fall as IMF lowers global growth outlook CNBC Oil prices fell on Wednesday after the IMF lowered its global economic growth forecasts, but markets were supported as Hurricane Michael closed nearly 40 percent of U.S. Gulf of Mexico oil output and U.S. sanctions restricted Iranian exports. Brent ... Approach of Hurricane Michael supports oil price Oil holds near $75 on speculation storm may worsen supply risk Oil dips as IMF lowers global growth outlook; eyes on US hurricane |