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Good morning. You are watching the pulse. We are here in london. Getting somet breaking news out of the International Energy agency. Cutting Global Oil Demand for the fourth time in five months. Despite the fact that the price of oil is going down, demand is not picking up. The fact that they are having to do that for the fourth time in five months tells you about how quickly everybody is racing to try to get in front of this story. The story that continues to see nymex crude getting crushed. Below 60 a barrel. We are watching a number of confluences coming together here. Youve got the opec story, what is happening in the United States, the impact on emerging markets it is substantial. Lets find out how we should be looking at this story. Mark mobius is Fran ....