Oil Updates — Crude climbs as Saudi Arabia warns of output cuts; Turkey doubles Russian imports

RIYADH: Oil rose on Tuesday as renewed concerns over tight supply dominated market sentiment after Saudi Arabia warned that the major oil producer could cut output to correct a recent oil price decline. Brent crude futures advanced 93 cents, or 1 percent, to $97.41 a barrel by 0328 GMT, after a choppy session on Monday when they dropped by more than $4 before paring losses to

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