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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-harbadment. 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.
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.
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.
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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