Opec-member Kuwait sees oil  trading in the forseeable future in a range of $75 to $90, the country's oil minister said on Tuesday.

"They will be within this range," Sheikh Ahmad al-Abdullah al-Sabah told reporters at Kuwait's parliament. "$75, $80, $85, $90. Prices are good."

US crude traded at $82.55 on Tuesday, rebounding after falling to a three-week low when the volcanic ash cloud cut jet fuel demand in Europe and after the US announced government action against Goldman Sachs.

Sheikh Ahmad said last week that Opec would consider whether to boost supply if oil passed $100. The price hit a high of over $87 a barrel earlier this month.

The producer group has left supply targets unchanged since late 2008, when it announced record cuts to halt a slide in oil prices to near $32 a barrel. – Reuters