Brent crude slipped today to below $112 a barrel after tracking losses in the continent, as political deadlock in Greece aggravated fears of worsening global oil demand.

Brent crude slid 84 cents to $111.89 a barrel and US crude dropped to its second consecutive weekly loss at $95.78 a barrel.

A weaker euro and thoughts of Greece exiting the eurozone also worried investors, while a stronger dollar made commodities expensive, reported Reuters.