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Apr 16, 2010, 08.36 AM IST
Organisation of Petroleum Exporting Countries (OPEC) would make a decision on whether to boost output to calm oil prices if the market reached USD 100 a barrel, Kuwait's oil minister said on Thursday
"Above USD 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 USD 85 a barrel on Thursday, a little above the USD 70 to USD 80 range that OPEC's largest producer Saudi Arabia has said was fair for both consumers and producers.
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