Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) stood at 47.29 dollars last Friday, 9 cents lower than on the previous day, the cartel announced Monday.

At a meeting in Cairo on Saturday, OPEC oil ministers agreed to stick to current production levels despite falling prices, but they strongly hinted at the possibility that output could be cut at the next meeting on December 17 in Oran, Algeria.

The Vienna-based organization calculates an average price based on 13 brands produced by its members. (dpa)