• The Norwegian Krone rallied to a 1-week peak as the crude oil prices surged following a decline in stockpiles, while hurricane shut U.S. output. 
   
• Crude oil prices rose to a 1-week peak as a hurricane disrupted U.S. offshore oil and gas production and an industry report showed U.S. crude inventories declined.  
   
• More than a quarter of U.S. offshore oil and gas output was shut and export ports were closed on Tuesday due to Hurricane Sally.
   
• Data from the American Petroleum Institute showed U.S. crude oil inventories fell by 9.5 million barrels last week. 
   
• International benchmark Brent crude was trading 1.7 percent up at $41.36 per barrel by 0952 GMT, having hit a high of $41.60 earlier, its highest since September 8. U.S. West Texas Intermediate was trading 1.9 percent higher at $39.15 a barrel, after rising as high as $39.39 earlier, its highest since September 7.
   
• Moreover, a fall in the greenback against a basket of currencies boosted the bid tone around the Norwegian currency. 
   
• USD/NOK trades 0.6 percent lower at 8.9775, having touched a low of 8.9737 earlier, its lowest since September 10.
   
• Currently 20-EMA is acting as minor support.
   
• Immediate resistance is located at 9.0740, close above could take it till 9.0970.
   
• On the downside, support is around 8.9630, break below could take it till 8.9409.