Oil prices hit year low; OPEC considers output cut

LONDON (Reuters) - Oil prices fell to their lowest in more than a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers considered cutting production to try to stem a rising global surplus.Oil supply, led by U.S. producers, 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 trimming output after a meeting..