Vienna (dpa) - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose by 1.28 dollars on Wednesday, amid expectations that the oil cartel would not raise its output at a September 9 meeting.

One barrel (159 litres) of OPEC-produced crude stood at 111.79 dollars Wednesday, compared with 110.51 dollars on the previous day, OPEC said Thursday.

As Venezuela's President Hugo Chavez said Wednesday that OPEC output should remain steady, echoing similar remarks from Iran, Vienna-based energy analysts JBC said they did not expect the 13- member cartel to raise production.

OPEC calculates an average basket price based on 13 brands produced by its members. (dpa)