Risk aversion increases on Israel's missile test confirmation

FXstreet.com (Barcelona) - The Russian defense ministry released a statement on Wednesday that its missile early warning system detected a launch of two rockets from the Mediterranean Sea towards it's eastern coast. Several hours later Israel announced it had carried out a missile test together with the US.

The missiles dropped into the water, according to a Syrian source, quoted by the Russian news agency RIA Novosti.

The news shook the markets where increasing risk aversion can be seen. Brent crude initially jumped to $115.74 before dropping back below $115.