KUWAIT (Reuters) -- OPEC would make a decision on whether to boost output to calm oil prices if the market reached $100 a barrel, Kuwait’s oil minister said on Thursday.

“Above $100... we would take a decision in this regard,” Sheikh Ahmad al-Abdullah al-Sabah told reporters at Kuwait’s parliament, when asked how high the producer cartel would allow prices to rise before acting.
US crude traded around $85 a barrel on Thursday, a little above the $70 to $80 range that OPEC’s largest producer Saudi Arabia has said was fair for both consumers and producers.