Oil prices are rising; Tech pressure; Warren Buffett's tip for Wells Fargo

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US crude futures increased 0.4% to $ 63.30 per barrel. Brent, an international benchmark, also rose 0.4% to $ 70.60 per barrel.

Crude prices were boosted by the continued reduction in production of OPEC and its allies, by the sanctions imposed by the United States against Iran and Venezuela, as well as by the concerns raised by the weakness of world trade.

The deteriorating security situation in Libya has also raised concerns that supply from the main oil producer could be disrupted.

"Due to the volatility of the situation, the risk of spreading fights to oil fields is increasing day by day," said Jasper Lawler, head of research at London Capital Group, broker.

2. Britain is pressuring technology: The UK government is proposing new rules that would make internet companies more accountable for illegal and harmful content.

Technical managers may be subject to fines and substantial criminal penalties under the proposal.

The government has announced the creation of an independent regulatory body to enforce the new rules, which focus on the removal of content that incites violence, encourages suicide or constitutes cyber-harassment. Content related to terrorism and child abuse would be subject to even stricter standards.

The government said it would consult on its plan over the next 12 weeks before presenting it as law.

3. Warren Buffett's tip for Wells Fargo: Legendary investor Warren Buffett urged Wells Fargo (WFC) look for a new general manager outside Wall Street.
Buffett, the main shareholder of the troubled US bank, told the Financial Times that the new CEO "probably should not have come from JPMorgan or Goldman Sachs."

Wells Fargo CEO Tim Sloan resigned suddenly last month. Sloan said his decision to give up control of Wells Fargo could help the bank overcome a litany of scandals.

The bank's board of directors is committed to finding an outsider to replace Sloan, who will retire at the end of June.

4. World Market Overview: US futures contracts have been trending downward.
European markets have opened down, following a mixed trading session in Asia.
The Dow Jones Industrial Average closed up 0.2% on Friday. The S & P 500 gained 0.5%, up for the seventh consecutive trading session. Nasdaq jumped 0.6%.
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5. Business and Economy: Nissan (NSANF) the shareholders voted in favor of the removal of Carlos Ghosn from his post of director, the last title held by the former chief car manufacturer in the company.
Extraordinary shareholders meeting in Tokyo has chosen Renault (RNLSY) President Jean-Dominique Senard in place of Ghosn on the Nissan Board of Directors.

The US Census Bureau will release its report on factory orders in February at 10:00 am ET.

German exports fell more than expected in February, worrying about the health of Europe's largest economy.

6. Coming this week:
On Monday – Factory orders in the United States in February
Tuesday – report on JOLTS job openings in the United States in February; IMF World Economic Outlook
Wednesday – Delta Airlines (DAL), LVMH (LVMHF) and Bath & Beyond Bed (BBBY) earnings; Consumer prices in March in the United States; Powered minutes; ECB rate decision; UK GDP and European Brexit Summit
Thursday – Rite Aid (RAD) earnings; Disney (DIS) investor day; Elections start in India
Friday – JPMorgan Chase (JPM) and Wells Fargo (WFC) earnings; China's export data, Britain's current deadline for leaving the European Union

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