Oil prices hit year low as OPEC considers output cut

LONDON (Reuters) - Oil prices fell to their lowest in a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers consider cutting production to try to stem a rising global surplus.Oil supply, led by the United States, is growing more quickly than demand and to ward off 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 withholding output after a meeting planned for..