Kuwait oil minister Anas Khalid Al Saleh said that he expects crude oil prices in "logical" and "acceptable" $50-$60/brl range in next 15 months. Latest crude exports and inventory data from Saudi Arabia showed that both crude output and exports fell in August. Data showed that Saudi crude stocks fell 0.453M bbls to 281.01 mln barrels in August, while crude output was down by 0.043m bpd mom to 10.630m bpd. Saudi crude exports fell by 0.317m bpd mom to 7.305m bpd in August. Meanwhile, both crude benchmarks trade with size-able gains amid reports of falling exports from Iran as well as from Saudi. US oil was up 0.7 percent on the day at $50.38/brl.