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Why Wex Stock Easily Beat the Market This Week

Why Wex Stock Easily Beat the Market This Week

Earlier this week, OPEC decided to cut oil production by 2 million barrels a day, which had an immediate effect on prices. Wex's fleet-solutions segment generates much of its revenue by processing fuel transactions for corporate fleets. In Wex's annual report, management said that every $0.01 change in the price of a gallon of gas can lead to a $1.5 million change in revenue.