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Experts turn to China’s labor-day holiday for oil price clues, but find themselves directionless

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In a shocking turn of events, the world is now directionless on what to do with oil prices. Experts and analysts alike are now relying on China’s upcoming labor-day holiday to give them clues as to what direction to take. The catch? China is also directionless, and it’s safe to say that their labor-day holiday will only offer clues about the locals’ travels and not a shred of information on oil prices.

We interviewed oil expert Betsy Oilday who couldn’t stop laughing at how ridiculous the situation has become. “It’s like trying to read the future in tea leaves, but instead of tea leaves, we’re using vacation plans. It’s just ridiculous.”

Meanwhile, other experts are suggesting that instead of relying on vacation plans, we should analyze the number of canceled vacations due to the pandemic to estimate the demand for oil. However, this method has also received criticism, with some experts arguing that a canceled vacation doesn’t necessarily mean that the consumer won’t travel at all and could still affect oil prices.

In the end, it looks like we are all just directionless, hoping for a sign or a nudge in the right direction. Maybe we should just give up and start relying on tarot cards to determine oil prices. At least that way, we’ll have something to blame if things go completely wrong.

Scoop Loops

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