UPDATE 10-Oil steadies after slide on Trump's U.S-China trade comments

* Trump says China trade deal might have to wait
* OPEC+ could take extra 400,000 bpd off market
* Russia yet to finalize position for OPEC+ meeting -Novak
* U.S. crude stocks fall more than expected -API

(New throughout, adds API data, more comments)
By Stephanie Kelly
NEW YORK, Dec 3 (Reuters) - Oil steadied on Tuesday,
settling narrowly mixed as expectations of output cuts from OPEC
and allied producers helped prices bounce after a slide
following comments from U.S. President Donald Trump that a trade
deal with China may be delayed.
Brent crude LCOc1 futures fell 10 cents to settle at
$60.82 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1
futures rose 14 cents to settle at $56.10 a barrel.
Trump said a U.S.-China trade agreement might have to wait
until after next November's presidential election, denting hopes
of a quick resolution to a dispute that has weighed on the world
economy.
"I have no deadline, no," Trump told reporters in London,
where he was to attend a meeting of NATO leaders. "In some ways,
I like the idea of waiting until after the election for the
China deal."
The Organization of the Petroleum Exporting Countries (OPEC)
and its allies, known as OPEC+, are discussing a plan to deepen
a supply cut of 1.2 million barrels per day (bpd) by a further
400,000 bpd and extend the pact until June, two sources familiar
with the matter said. Saudi Arabia is pushing the plan to boost the market before
the initial public offering of state-owned Saudi Aramco, the
sources said.
"We see a possibility of such a decision but one that could
prove temporary if compliance among other participants is not
strictly adhered to into the New Year," Jim Ritterbusch,
president of Ritterbusch and Associates, said in a report. "So
while such a decision could spur some oil price strength over
the near term, the likelihood of a weak Q1 2020 pricing
environment would be increased."
A senior official at the International Energy Agency (IEA)
said OPEC producers were unlikely to change their output curbs
until the market outlook becomes clearer. Russian Energy Minister Alexander Novak said he expected
this week's meeting to be constructive but added that Moscow had
yet to finalize its position. Vagit Alekperov, CEO of Russia's second-biggest oil producer
Lukoil LKOH.MM , said it would not be expedient to deepen
production cuts in the winter, especially for Russia.
JPMorgan said in a note that it expects OPEC+ to agree to
deepen the production cut to 1.5 million bpd until the end of
2020. OPEC ministers meet in Vienna on Thursday and the broader
OPEC+ group gathers on Friday.
U.S. producers have been happy to meet any market shortfalls
with record-setting output. Growth into 2020 could range between
100,000 bpd and 1 million bpd. Crude inventories fell by 3.7 million barrels in the week to
Nov. 29 to 445.9 million, data from industry group the American
Petroleum Institute showed. Analysts had expected a fall of 1.7
million barrels. Official government data is due on Wednesday.

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CHART: U.S. oil may fall to $55.11 Brent oil may hover above $60.87 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>