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Brent falls below $49 per barrel

Brent futures dropped by 2.2% as of 07:35 GMT to $48.97 per barrel

LONDON, January 12. /TASS/. The price of the benchmark Brent crude fell below $49 per barrel on the Intercontinental Exchange (ICE) in London on Monday.

Brent futures dropped by 2.2% as of 07:35 GMT to $48.97 per barrel.

The Russian ruble continued its downside slide on the Moscow Exchange on Monday amid falling world oil prices.

As of 1:43 p.m. (10:43 GMT), the dollar rose by 1.10 rubles to 62.65 while the euro climbed by 1.85 rubles to 74.09.