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OPEC's daily basket oil price drops to $16.87 from $22.61 – Reuters

The Organization of the Petroleum Exporting Countries' (OPEC) daily basket oil price dropped to $16.87 on April 1st from $22.61 the previous day, Reuters reported on Thursday.

According to Reuters, the basket includes Algeria's Saharan Blend, Angola's Girassol, Congo's Djeno, Equatorial Guinea's Zafiro, Gabon's Rabi Light and Iran Heavy as well as Iraq's Basra Light, Kuwait Export, Libya's Es Sider, Nigeria's Bonny Light, Saudi's Arab Light, the UAE's Murban and Venezuela's Merey.

Market reaction

The price of the barrel of West Texas Intermediate (WTI) doesn't seem to be impacted on this headline. As of writing, the WTI was up 5.65% on the day at $22.37.

US: Initial jobless claims to remain historically high – TDS

US initial jobless claims will offer another update on the US labour market after last week's record-breaking print. Analysts at TD Securities expect
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EUR/NOK: Cautiously bullish on the Norwegian krone – Danske Bank

The NOK rallied strongly during the European session reflecting short-end oil moving higher and a big fixing interest, per Danske Bank. EUR/NOK is sit
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