Need to Know: Buy the dip in stocks because these red flags aren’t flying

Here we go again: OPEC has called another informal meeting to hash out details for its plan to lift oil prices — this time in Istanbul and kicking off this weekend.

That has — of course — already sparked a frenzy of speculation over which producers are up for an output cut and which are likely to play hard to get. So far, we’ve learned Russia’s open to discussions. If it does make a commitment, watch for crude prices to shift higher.

Not that it matters to stock investors anyway. A driver of equity selloffs and rallies earlier this year, oil prices are now in the back seat.

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