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Oil prices climbed on Wednesday 4-7-2018, with the world's benchmark crude reaching $ 78.04 per barrel, up 28 cents from the previous settlement. The WTI futures contract has risen by 37 cents from the previous settlement at $ 74.51 per barrel. The crude reached a record in November 2014 at 75.27 dollars a barrel
US stocks of fuel have dropped
The price rise comes after the publication Tuesday by the US Petroleum Institute of a decline in US fuel stocks following the suspension of Synkrod The oil sands of Canada in Alberta, usually supplied in the United States .
United States crude inventories decreased from 4.5 million barrels to 416.9 million barrels in the week ending 29 June. Gasoline and distillate stocks, which include diesel and fuel oil, also declined
Fuel inventories are primarily attributable to the suspension of the Cinecrode Canada plant of 360,000 barrels of oil per day near Fort McMurray, Alberta.
US sanctions on Iranian support prices
Oil prices found support in the imminent US sanctions against Iran, which threatens to cut off the supply of a market already scarce despite the commitment of the Organization of the Petroleum Exporting Countries Due to supply disruptions, the commercial activity should be limited on Wednesday because of the independence holidays the United States.
The focus of the market is focused on impending US sanctions against Iran, a major oil exporter, E Oil from Iran from November [19659008] 
To offset potential deficits in Iran's supply and supply, the Organization of Petroleum Exporting Countries (OPEC) has agreed with Russia and other producers outside the Organization to increase production from July 19459005. Warns that it would not accept that other producers profit from their market share .
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