• The Norwegian Krone rallied to a 7-month peak as oil prices surged as suppliers seek to hold promises on output cuts. 
   
• Crude oil prices gained after OPEC+ said the producer grouping is almost fully complying with output cuts to support prices amid a drop in demand for fuels due to the coronavirus pandemic.
   
• The Organization of the Petroleum Exporting Countries and its allies in August reduced their agreed cuts to 7.7 million barrels per day (bpd) from 9.7 million bpd previously.
   
• International benchmark Brent crude was trading 0.2 percent up at $45.34 per barrel by 0926 GMT, having hit a high of $45.76 last week, its highest since August 5. U.S. West Texas Intermediate was trading 0.1 percent higher at $42.78 a barrel, after rising as high as $42.97 earlier, its highest since August 5.
   
• USD/NOK trades 0.2 percent lower at 8.8308, having touched a low of 8.8203 earlier in the session, its lowest since early Janunary. 
   
• Immediate resistance is located at 8.8724, close above could take it till 8.9071 (5-DMA).
   
• On the downside, support is around 8.8109 / 8.8070, break below could take it till 8.7905.