• The Norwegian Krone surged, reversing most of its previous session losses, as the crude oil prices recovered some ground from its recent decline.
   
• Crude oil prices steadied after tumbling in the previous session on an unexpected rise in U.S. stockplies as the coronavirus pandemic continued to hurt fuel demand. 
   
• U.S. crude inventories rose 2 million barrels, compared with forecasts for a 1.3 million-barrel decrease in a Reuters poll.
   
• International benchmark Brent crude was trading 0.5 percent up at $39.90 per barrel by 0950 GMT, having hit a low of $39.29 on Tuesday, its lowest since June 16. U.S. West Texas Intermediate was trading 0.7 percent higher at $37.26 a barrel, after falling as low as $36.15 on Tuesday, its lowest since June 15.
   
• Moreover, a decline in the greenbakc against a basket of currencies also boosted the bid tone around the Norwegian currency. 
   
• The dollar index tumbled after data showed U.S. weekly jobless claims hovered at high levels last week, suggesting a slowing labour market recovery and casting a shadow over hopes for a quick economic rebound
   
• USD/NOK trades 0.6 percent lower at 9.0084, having touched a high of 9.1813 the day before, its highest since July 24.
   
• On Thursday, the pair surged nearly 0.6 percent but found strong resistance at 55-EMA. 
   
• Immediate resistance is located at 9.0970, close above could take it till 9.1216 (55-EMA).
   
• On the downside, support is around 8.9817 (7-EMA), break below could take it till 8.9495 (20-EMA).