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Asian stocks rise as central banks pledge support

Shares reversed early falls after the Bank of Japan pledged to help support global financial markets.

The sharp fall comes despite the central bank pumping billions of dollars into the financial system.

The risk has receded for now, the agency said.

U.S. crude stocks and distillate inventories fell while gasoline inventories rose, the Energy Information Administration (EIA) said on Dec. 27.

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