The Woodside Energy Group Ltd (ASX: WDS) share price is charging higher again on Monday, rising 2.29% to $35.26.
That pushes the energy giant’s gain to almost 50% in 2026, making it one of the standout performers on the ASX this year.
The latest move comes as oil prices continue to surge amid the escalating US-Israel and Iran conflict in the Middle East, with Brent crude climbing above US$116 a barrel and WTI moving past US$101.
With Woodside shares now trading near fresh highs, investors are now assessing how much upside remains in the stock. The key question is whether the recent surge in oil prices has already captured most of the near-term gains.
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Oil prices are doing the heavy lifting
The main driver…
