• The Norwegian Krone nudged up, retreating from a near 1-week low recorded in the prior session after Norway said on Saturday it would consider cutting its oil production if a global deal to curb supply is agreed by the world’s major producers.
   
• The Organization of the Petroleum Exporting Countries and its allies are expected to meet on Thursday, instead of Monday, to discuss cutting production.
   
• Kremlin spokesman Dmitry Peskov stated that Moscow was ready to coordinate with other oil-exporting countries to help stabilise the market.
   
• USD/NOK trades 0.8 percent lower at 10.4885, having touched an all-time high of 12.1224 last month. 
   
• Momentum indicators are bearish on hourly charts. 
   
• Immediate resistance is located at 10.6506, and close above could take it till 10.6695.
   
• On the downside, support is around 10.4141 (20-EMA), break below could take it till 10.3563.