OPEC officials said the cartel would meet again next month.
Other OPEC officials have shown greater concern about the recent price jump.
OPEC officials said today that another meeting with other oil producers could be held later this year at a ministerial level.
OPEC officials say the organization will be faced with a major challenge next year, however.
One OPEC official said the study by the 13-member group was just beginning.
Some OPEC officials made noises about possible further cuts, though.
OPEC officials said they would meet again next month.
Until then, OPEC officials said the group would leave matters where they stand.
OPEC officials said the situation had to be handled with caution.
OPEC officials said they would continue their deliberations here over the next two days.