• The Norwegian Krone rallied, hovering towards a 6-month peak recrded in the prior session as oil prices surged on U.S. inventory drop
   
• Crude oil prices rose, reversing most of its prior session losses, after data showed a surprise drop in U.S. crude inventories. 
   
• Data from industry group the American Petroleum Institute showed inventories of crude oil in the United States declined by 6.8 million barrels last week to 531 million barrels. 
   
• International benchmark Brent crude was trading 0.9 percent up at $43.66 per barrel by 1053 GMT, having hit a high of $44.86 last week, its highest since March 6. U.S. West Texas Intermediate was trading 0.5 percent higher at $41.34 a barrel, after rising as high as $42.49 last week, its highest since March 6.
   
• USD/NOK trades 0.4 down at 9.0744, having touched a low of 9.0490 the day before, its lowest since Jan 27. 
   
• Immediate resistance is located at 9.1596 (7-EMA), close above could take it till 9.1859 (10-DMA).
   
• On the downside, support is around 9.0394, break below could take it till 9.0176.