Oil plunges to lowest in a year despite potential OPEC cut

BOSTON (Reuters) - Oil prices slumped more than 6 percent to the lowest in more than a year on Friday amid fears of a supply glut even as major producers consider cutting output.Oil supply, led by U.S. producers, is growing faster than demand and to prevent a build-up of unused fuel such as the one that emerged in 2015, the Organisation of the Petroleum Exporting Countries is expected to start trimming output after a meeting on Dec. 6.But this has done little so far to prop up prices, which have..