• The Norwegian Krone rallied to a 3-month peak, as the oil prices rallied to multi-month peaks.
  
• Crude oil rallied to new multi-month peaks after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in May.
  
• On Saturday, OPEC+ agreed to extend the deal to withdraw almost 10 percent of global supplies from the market by a third month to end-July.
  
• Separate data showed purchases by Chinese crude importer rose to an all-time high of 11.3 million bpd in May.
  
• International benchmark Brent crude was trading 2.2 percent higher at $42.80 per barrel by 1023 GMT, having hit a high of $43.29 earlier, its highest since March 9. U.S. West Texas Intermediate was trading 1.9 percent up at $39.83 a barrel, after rising as high as $40.42 earlier, its highest since March 9.
  
• USD/NOK trades 0.2 percent down at 9.2738, having touched a low of 9.2458 earlier, its lowest March 9.
  
• Immediate resistance is located at 9.3417, close above could take it till 9.3822.
  
• On the downside, support is around 9.2399 break below could take it till 9.2152.