Bond traders are back to work on Tuesday after taking Monday off for Columbus Day. Bonds are trading higher this morning as yields are falling slightly. Lower yields could pull financial stocks lower on the day.
Rising oil prices (/CL) appear to be leading a rally in many commodities including RBOB Gasoline futures (/RB) and heating oil (/HO). The rallies add to a week where inflation may play a big part.
ExxonMobil plans to build its first, large-scale plastic waste advanced recycling facility in Baytown, Texas, and is expected to start operations by year-end 2022.
By recycling plastic waste back into raw materials that
Shares of several energy companies, including Exxon Mobil Corporation (NYSE: XOM), are trading higher in sympathy with the price of oil on increased demand.
Someone with a lot of money to spend (and possibly insider knowledge) has taken an unusually bearish stance on Exxon Mobil(NYSE:XOM).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.