• The Norwegian Krone declined, drifting further away from a 6-month peak recorded in the prior session as crude oil prices tumbled on fuel demand fears, while greenback rebounded from over 2-year lows. 
   
• Crude oil prices declined, extending previous session losses, as bearish sentiment about fuel demand counteracted optimism about Iraq’s supply cut.
   
• International benchmark Brent crude was trading 0.8 percent down at $44.74 per barrel by 1047 GMT, having hit a high of $46.21 on Wednesday, its highest since March 6. U.S. West Texas Intermediate was trading 0.9 percent lower at $41.54 a barrel, after rising as high as $43.50 on Wednesday, its highest since March 6.
   
• USD/NOK trades 0.3 percent higher at 8.9975, having touched a low of 8.9012 on Thursday, its lowest since Janunary. 
   
• Immediate resistance is located at 9.0633 (10-DMA), close above could take it till 9.0899.
   
• On the downside, support is around 8.9289, break below could take it till 8.9010.