“Exercises by various nations happen all the time. To conclude it’s offensive is an opinion and nothing more.”
Today speculators are using this “news” to once again drive up the cost of oil.
The monthly expiration of the futures contract is also happening, and the lowering of Chinese fuel price support is now seen as driving crude oil up rather than down as it was yesterday. Market analyst appears to be a flexible job description. This happened AND that happened, therefore Cause-Effect and tomorrow the opposite and no one with actual money involved even cares.