Brent crude dropped below $112/B early on Friday, tracking losses in the euro amid a political deadlock in Greece that has renewed worries about the fate of the debt-laden euro-zone and clouded the outlook for global oil demand, reports Reuters. Investors shrugged off data that showed inflation in China continued to moderate in April and potentially gave Beijing more scope to loosen policy to support a slowing economy. Brent crude for June delivery was down 76 cents to $111.97/B.