Even though political worries persist, Peter Hickson, Global Head of Commodity Research at UBS finds that the crude market is a safe bet because at some stage these issues will get addressed.
The S&P has downgraded the US credit rating for the first time in history. In an interview on CNBC-TV18, James Glassman of JPMorgan; Peter Hickson of UBS and Vandana Hari, Asia Editorial Director, Platts talk about what the reaction has been across global markets and what kind of ramifications this could have on our market.
Peter Hickson of UBS believes commodity prices are likely to head lower in the next one or two months.