* Dollar weak on easing expectations, boosts oil * Qatar supports $70-$90 price range after Saudi remarks * Coming up: API oil inventory data, 4:30 p.m. EDT Tuesday NEW YORK, Nov 2 (Reuters) - U.S. crude oil futures rose on Tuesday ahead of an expected decision by the Federal Reserve to pump more money into the economy and after an apparent upward shift in price tolerance among oil-producing countries. The dollar's weakness, amid expectations it will be pressured by monetary easing, also supported oil prices. The Fed is widely expected to announce new bond purchases -- so-called quantitative easing -- when its two-day policy meeting ends on Wednesday. Ahead of the week's U.S. oil inventory reports, analysts surveyed by Reuters on Monday expected crude stockpiles to have risen last week. [EIA/S] Gasoline stocks were seen little changed, with distillate stocks expected to have fallen. FUNDAMENTALS * On the New York Mercantile Exchange, December crude CLZ0 rose $1.10, or 1.3 percent, to $84.05 a barrel by 8:29 a.m. EDT (1229 GMT), trading from $82.83 to $84.14. * An oil price of $70-90 per barrel would be reasonable for consumers and producers, Qatari Oil Minister Abdullah al-Attiyah said on Tuesday. [ID:nSGE6A102C] The range matches that given on Monday by Saudi Oil Minister Ali al-Naimi, who widened his previous range of $70-$80 a barrel, a move taken as a bullish signal by crude markets. [ID:nSGE6A0069] * Oil prices at $100 a barrel would be more comfortable for producing nations because of higher food prices and a weaker dollar, the top oil official for OPEC member Libya said on Tuesday. [ID:nWLA6884] * Russia's oil output hit a new post-Soviet high, up 4 percent at 10.26 million barrels per day in October and beating the peak of 10.16 million bpd in September, Energy Ministry data showed on Tuesday. [ID:nLDE6A105V] * An oil price range of $70-90 per barrel is needed to stimulate investment in unconventional oil resources, Nobuo Tanaka, executive director of the International Energy Agency, said on Tuesday. [ID:nSGE6A105R] * Oil prices could rise above $90 per barrel before the end of the year if the U.S. Federal Reserve commits to an asset-purchasing program of $500 billion or more, Merrill Lynch said on Tuesday. [ID:nLDE6A118I] * Greek police detonated a suspect package addressed to the embassy of Chile on Tuesday shortly after a bomb exploded at the Swiss embassy and another suspect package was found at the Bulgarian embassy. [ID:nLDE6A11AM] MARKETS * Asian stocks edged up after an early fall ahead of U.S. elections and a Federal Reserve meeting that is expected to ease monetary policy. [MKTS/GLOB] * The Australian dollar hit its highest against the U.S. dollar since 1983 after a surprise Australian interest rate hike, while the U.S. currency stayed weak on expectations of fresh monetary easing. [FRX/] * Gold firmed in Europe, climbing back towards the previous session's near two-week high, as the dollar retreated ahead of the Fed meeting. [GOL/] UPCOMING DATA/EVENTS * Redbook weekly U.S. chain store sales at 8:55 a.m. EDT (1255 GMT) * American Petroleum Institute oil inventory data at 4:30 p.m. EDT (2030 GMT) on Tuesday. 8:29 LAST NET PCT LOW HIGH CURRENT DAY AGO CHNG CHNG VOL VOL CLc1 84.05 1.10 1.3% 82.83 84.14 43,934 313,874 CLc2 84.74 1.07 1.3% 83.54 84.82 10,867 78,767 LCOc1 85.58 0.97 1.1% 84.53 85.66 57,017 212,003 RBc1 2.1218 0.0289 1.4% 2.0880 2.1226 1,722 22,856 RBc2 2.1305 0.0267 1.3% 2.1020 2.1305 1,133 56,659 HOc1 2.3053 0.0276 1.2% 2.2748 2.3079 2,422 18,183 HOc2 2.3289 0.0269 1.2% 2.3041 2.3311 326 55,562 * NYMEX crude oil for December CLc1 rose $1.10 to $84.05 a barrel by 8:29 a.m. on volume of 43,934 lots. (Reporting by Robert Gibbons; editing by Dale Hudson)

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