ADNOC raises oil prices


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Abu Dhabi // Abu Dhabi National Oil Company (ADNOC) has raised prices for crude oil it lifted last month, as crude hovers near a five-month high on international markets. The state petroleum company is asking US$75.90 per barrel for its flagship high-sulphur Murban grade of crude, the highest in four months. Today, New York crude futures touched a five-month high of $83.17 per barrel before retreating slightly.