• The Norwegian Krone declined, hoverng towards a 1-week trough hit in the prior session, as oil prices slumped on sluggish coronavirus recovery. 
   
• Crude oil price declined, extending previous session losses amid a slow recovery in fuel demand, while major crude producers seek to limit supply.
   
• The Organization of the Petroleum Exporting Countries and allies including Russia were focused on ensuring that members who had overproduced against their commitments would reduce their output.
   
• Among OPEC members, Iraq and Nigeria were the least compliant and even the United Arab Emirates. 
   
• OPEC+ expects oil demand in 2020 to fall by 9.1 million bpd, up 100,000 bpd from its previous forecast, flagging demand risks. 
   
• International benchmark Brent crude was trading 0.6 percent down at $44.58 per barrel by 0942 GMT, having hit a low of $44.00 on Thursday, its lowest since August 4. U.S. West Texas Intermediate was trading 0.6 percent lower at $42.49 a barrel, after falling as low as $41.66 on Thursday, its lowest since August 14.
   
• USD/NOK trades 0.4 percent higher at 8.9534, having touched a high of 9.0161 on Thursday, its highest since August 12.
   
• Immediate resistance is located at 8.9856, close above could take it till 9.0058 (20-EMA).
   
• On the downside, support is around 8.8552, break below could take it till 8.8295.