QUITO (AFP) - OPEC began a meeting in Quito Saturday with its current president, Ecuadorian Oil Minister Wilson Pastor-Morris, saying the cartel was comfortable with a recent rise in oil prices to over 90 dollars a barrel. There is a general feeling in the market that the current prices are comfortable for producers and for consumers, Pastor-Morris said in his opening speech. The price per barrel spiked above the psychologically significant level of 90 dollars this week, the first time it has done so in two years. Oil futures trading Friday finished at 90.48 dollars in London trade for delivery in January. New Yorks main contract, light sweet crude for January, to finished at 87.79 dollars a barrel. The 12-nation Organization of Petroleum Exporting Countries was expected to keep its quotas untouched at the meeting, with most key members saying the price rise was adequate and did not require them increasing production. Perhaps there is more cautious optimism around the world than when OPEC last met in Vienna two months ago. But nothing can be taken for granted, Pastor-Morris said. Both Saudi Arabia and the United Arab Emirates said market fundamentals appeared to be good, with the global economy seemingly on the road to recovery. Iran, however, was more skeptical. The market is better than before, but it is not good, Iranian Oil Minister Masoud Mir-Kazemi told reporters, noting that world economic growth was still weak.