• The Norwegian Krone surged, extending previous session gains, as the crude oil prices gains as storm threatens U.S. Gulf Coast
   
• Crude oil prices surged as a tropical storm in the Gulf of Mexico forced rigs to shut down, although wider concerns about excess supply and falling demand for fuels limited the upside. 
   
• On Sunday, tropical storm Sally gained in strength in the Gulf of Mexico west of Florida, disrupting oil production for the second time in less than a month after hurricane Laura swept through the region.
   
• International benchmark Brent crude was trading 0.2 percent up at $39.85 per barrel by 0805 GMT, having hit a low of $39.29 on Tuesday, its lowest since June 16. U.S. West Texas Intermediate was trading 0.3 percent higher at $37.43 a barrel, after falling as low as $36.15 on Tuesday, its lowest since June 15.
   
• Moreover, a plunge in the greenback against a basket of currencies supported the upside in the Norwegian currency. 
   
• The dollar index declined on expectations that the U.S. Federal Reserve will adopt a dovish stance at its two-day monetary policy meeting later this week.
   
• USD/NOK trades 0.2 percent lower at 9.0096, having touched a high of 9.1813 Wednesday, its highest since July 24.
   
• Immediate resistance is located at 9.0660, close above could take it till 9.0970.
   
• On the downside, support is around 8.9568 (20-EMA), break below could take it till 8.9409.