Business
Why the Woodside (ASX:WPL) share price is climbing today
The Woodside Petroleum Limited (ASX: WPL) share price is one to watch in early trade. Shares in the Aussie oil and gas giant have jumped 2.5% this morning in good news for shareholders. At the time of writing, the Woodside share price has retreated slightly, trading for $26.05, up 2.28%.
Why is the Woodside share price climbing?
For one thing, the S&P/ASX 200 Index (ASX: XJO) has started strongly after a soft end last week.
One of the biggest factors driving the Woodside share price higher this morning, however, has been rising crude oil prices.
Woodside is the largest operator of oil and gas production in Australia. Additionally, it is Australia’s largest independent dedicated oil and gas company.
That means the Woodside…
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