Got its tail out of the mud then fell on its faceLast week, China announced that it's tapping into its petroleum reserves trying to force Opec + to lower their price. But then it backfired and today issued a Directive to all refiners to buy crude at any cost in order to meet an out of control demand for fuel and in order to offset the power crunch gripping the country. This announcement turned the WTI price around midday today and tomorrow will likely be an up day for oil. It seems, China got its tail out of the mud and then it fell on its face. LLL