Oil falls on supply glut fears, but expected OPEC cuts provide some support

SINGAPORE (Reuters) - Oil prices renewed their fall on Friday, pressured by concerns that producers are churning out more oil than the world needs amid a bleak economic outlook.Markets were offered some support by an expectation that the Organization of the Petroleum Exporting Countries (OPEC) producer group will start withholding supply in 2019 to rein in any glut.U.S. West Texas Intermediate (WTI) crude futures slumped by around 2.5 percent from their last close, down $1.34 to $53.29 per..