• The Norwegian Krone declined, halting a 10-day winning streak as the oil prices declined from multi-month peaks.
   
• Crude oil prices declined, weighed down by the spectre of persistent oversupply in the market, although hopes for a swift recovery in fuel demand limited the downside.
   
• On Saturday, OPEC, Russia and other producers, a grouping known as OPEC+, agreed a 1-month extension through July of a record 9.7 million barrels per day output cut.
   
• However, On Monday, Saudi Arabia stated that the kingdom and its allies Kuwait and the United Arab Emirates would not extend an additional 1.18 million bpd in cuts on top of the OPEC+ cuts in July.
   
• International benchmark Brent crude was trading 1.5 percent lower at $40.14 per barrel by 0946 GMT, having hit a high of $43.29 on Monday, its highest since March 9. U.S. West Texas Intermediate was trading 2.3 percent down at $37.34 a barrel, after rising as high as $40.42 on Monday, its highest since March 9.
   
• USD/NOK trades 1.3 percent up at 9.3665, having touched a low of 9.2168 earlier, its lowest March 3. 
   
• Immediate resistance is located at 9.4479 (7-EMA), close above could take it till 9.4782 (200-DMA).
   
• On the downside, support is around 9.2079 break below could take it till 9.1753.