Oil rises to near $78 in Asia as trader eye Iran?s detention of 5 British sa...

Oil rises to near $78 as traders eye Iran tension SINGAPORE ? Oil prices rose to near $78 a barrel Tuesday in Asia as Iran's detention of five British sailors threatened to raise tensions between a major crude exporter and Western powers. Benchmark crude for January delivery was up 44 cents to $77.72 at late afternoon Singapore ... Read : Oil rises to near $78 in Asia as trader eye Iran's detention of 5 British sailors.