By Alejandro Barbajosa SINGAPORE (Reuters) - Oil fell on Wednesday as the dollar strengthened after euro zone ministers failed to reach agreement on a second bailout for Greece, while rising gasoline stockpiles in top consumer the United States signalled fuel demand is stalling. Brent crude for August, which will become the front-month contract after July expires at the end of Wednesday trade, shed 24 cents to $119.11 a barrel by 0439 GMT, while July U.S. crude slipped 30 cents to $99.07. U.S. gasoline inventories rose by 1.1 million barrels last week, industry group American Petroleum Institute said, their sixth consecutive gain and in line with forecasts. That moderated the bullish effect of a drop in crude stockpiles, which fell 3 million barrels, twice as much as expected. "We know that gasoline demand is still slow despite falling prices, so we don't see a very positive side for growth," said Tetsu Emori, a fund manager at Tokyo-based Astmax Co Ltd. "There's a bit of profit-taking after the price increase over the past few days. People are also focused on and worrying about how Europe's sovereign credit issues will be solved." The dollar gained 0.25 percent against a basket of currencies after euro zone ministers failed to agree on how private holders of Greek debt should share the costs of a new bailout, putting the onus on the leaders of Germany and France to forge a deal later this week. Nervous markets pushed the bond yields of Greece, Ireland and Portugal to their highest levels since the introduction of the euro in 1999. The premium of front-month Brent to U.S. benchmark West Texas Intermediate (WTI) hovered more than $1 below Tuesday's record $22.79 a barrel, at around $21.35.

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