The oil reserve releases from the US, China, India, Japan and South Korea were all well-telegraphed but the surprise name on the list was the UK, which hadn’t been mentioned.

However the UK barrels are negligible. Argus reports that it will be a voluntary release from UK companies of 1.5 million barrels, citing the UK department of Business, Energy and Industrial Strategy.

Oil is now green on the day, which is going to be an embarrassment for this charade.