• The Norwegian Krone rebounded from a 1-week low as the oil prices surged and the dollar declined across the board. 
   
• Crude oil priced surged, supported by tighter supplies from major producers although concerns over a record rise in global coronavirus infections that could stall a recovery in fuel demand limited upside.
   
• International benchmark Brent crude was trading 0.1 percent higher at $42.02 per barrel by 1215 GMT, having hit a high of $42.90 on Friday, its highest since June 8. U.S. West Texas Intermediate was trading 0.2 percent up at $39.53 a barrel, after rising as high as $40.49 on Friday, its highest since June 8.
   
• USD/NOK trades 0.1 percent lower at 9.6290, having touched a high of 9.7151 earlier, its highest June 15. 
   
• Immediate resistance is located at 9.7333, close above could take it till 9.7615.
   
• On the downside, support is around 9.5460 (7-EMA),.break below could take it till 9.5004.