Business
Why the Woodside (ASX:WPL) share price is edging higher today
The Woodside Petroleum Limited (ASX: WPL) share price is edging higher, up 0.57% in early afternoon trading. This morning’s gains bring Woodside’s share price up 31% since crude oil prices started to rally on 1 November. That compares to a 12% gain for the broader S&P/ASX 200 Index (ASX: XJO).
Woodside shareholders have 2 new developments to analyse today.
First, Woodside has opted to pre-empt independent oil and gas explorer Far Ltd‘s (ASX: FAR) sale of its stake in the Sangomar asset in Senegal. (Note, FAR shares have been suspended since 14 September.)
Second, OPEC+ has reached an interim decision on its 2021 output levels.
We’ll look at both below. But first…
What does Woodside do?
Woodside Petroleum is the largest…
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