Oil hits 2018 lows on emerging supply glut, OPEC expected to cut

SINGAPORE (Reuters) - Oil prices slumped to 2018 lows on Friday in choppy trading, pulled down an emerging crude supply overhang amid a bleak economic outlook.The fall came even as markets expect the Organization of the Petroleum Exporting Countries (OPEC) to start withholding supply after a meeting planned for Dec. 6.International benchmark Brent crude oil futures hit their lowest since December 2017 at $61.52 per barrel, before recovering to $61.88 by 0622 GMT. That was still 72 cents, or 1.2..