-
Oil prices are soaring – so why is Woodside struggling for upside?
If oil prices tick higher, then so should energy stocks. At least that is what's supposed to happen. Oil prices have rallied around 7.4% in the past month, with WTI crude ticking over US$85 a barrel for the first time since October 2023. Some of the key catalysts for the resurgence include better-than-expected manufacturing data from China and the US, OPEC+ production cuts and rising geopolitical tensions in the Middle East. Over the same time frame, Woodside (ASX: WDS) shares are up just 2% – this includes the stock trading ex-dividend for 91.7 cents or a yield of 3.0%. This also marks a rather sizeable ... (full story)