Brent crude slipped below $112/B on Monday on a worsening oil demand outlook after talks to form a new government in Greece failed, and as signs of a slowing Chinese economy outweighed the country’s latest move to ease monetary conditions. Investor caution was heightened as Greece’s radical leftist leader spurned an invitation from the president for a final round of coalition talks on Monday, all but ensuring a new election that he is supposed to win. This added to worries of a global economic slowdown as industrial output data from China on Friday showed the economy weakening from its slowest quarter of growth in three years, reports Reuters. Brent crude fell 38 cents to $111.95/B after settling at $112.26/B on Friday. It is the 2^nd straight weekly loss. US crude fell 38 cents to $95.76/B, after declining to a day’s low of $95.17/B.