The striker moved onto 10 goals for the campaign - meaning the New Zealander has now hit double figures in four successive campaigns.
Only Harry Kane, Mohamed Salah, Jamie Vardy, Heung-Min Son and Alexandre Lacazette have achieved that feat.
Ashley Westwood was also on the scoresheet as Burnley ran riot.
Sean Dyche;s side are now nine points clear of Fulham with just five games remaining.
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Burnley's New Zealand striker Chris Wood (L) celebrates with Dwight McNeil (2L), Josh Brownhill (2R) and Matej Vydra (R) during the English Premier League football match between Wolverhampton Wanderers and Burnley at the Molineux stadium in Wolverhampton. Photo: Oli Scarff
. Nick Pope 7.1
Given very little to do, but stayed tuned in and did what he had to do well. Claimed the high balls, kicking was improved and reacted well to turn Traore's deflected cross around the post in the second half. Photo: Jon Super
. Matt Lowton 7.6
Showed good anticipation at the back, stepping up to cut out passes and get Burnley moving on the front foot. Had little trouble policing the likes of Ait Nouri and Podence and went within a whisker of scoring. Photo: Alex Livesey
1. Nick Pope 7.1
Given very little to do, but stayed tuned in and did what he had to do well. Claimed the high balls, kicking was improved and reacted well to turn Traore's deflected cross around the post in the second half. Photo: Jon Super
2. Matt Lowton 7.6
Showed good anticipation at the back, stepping up to cut out passes and get Burnley moving on the front foot. Had little trouble policing the likes of Ait Nouri and Podence and went within a whisker of scoring. Photo: Alex Livesey
3. Charlie Taylor 8
All the baby oil in the world wouldn't have helped the speedy Traore get an advantage over the Clarets full back. Defended admirably well, linked up nicely with McNeil and provided an effective outlet for the visitors. Photo: Peter Powell
4. James Tarkowski 7.7
A walk in the park for the Burnley centre back. Dealt with Jose with ease, moved through the game with real swagger and gave Wolves no room to play through the middle. A dominant display. Photo: Alex Pantling