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WTI, Brent Surge as Stockpiles Dwindle

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The Bank of Japan and the Bank Indonesia on Thursday renewed a Bilateral Swap Arrangement (BSA), the BOJ said.

"The BSA enables Indonesia to swap its local currency in exchange for the US Dollar and the Japanese Yen. The size of the BSA remains unchanged, that is, up to USD22.76 billion or its equivalent in Japanese yen."