• The Norwegian Krone retreated from a 5-month peak as crude oil prices declined on U.S. inventory build and increasing pandemic fears. 
   
• Crude oil prices slumped from multi-month high as industry data showed a bigger- than-expected inventory build in the United States where coronavirus cases continue to rise. 
   
• Industry group American Petroleum Institute reported U.S. crude inventories rose last week by 7.5 million barrels compared with expectations for a draw of 2.1 million.
   
• International benchmark Brent crude was trading 0.5 percent down at $43.72 per barrel by 1057 GMT, having hit a high of $44.86 on Tuesday, its highest since March 6. U.S. West Texas Intermediate was trading 0.7 percent lower at $41.25 a barrel, after rising as high as $42.49 on Tuesday, its highest since March 6.
   
• USD/NOK trades 0.2 up at 9.1190, having touched a low of 9.0720 earlier, its lowest Jan 27. 
   
• Immediate resistance is located at 9.2335 (5-DMA), close above could take it till 9.2632 (7-EMA).
   
• On the downside, support is around 9.0394, break below could take it till 9.0135.