SINGAPORE (Reuters) - Oil slipped for a third day on Tuesday as pledges to contain the spread of the euro zone\'s debt crisis failed to dispel unease among investors about slowing energy demand growth. Ministers from the 17 countries that share the European currency on Monday vowed to safeguard stability in the euro area and promised new measures \"shortly\", but set no deadline after another day of turmoil across financial markets. Brent crude shed 89 cents to $116.35 a barrel at 0223 GMT, while U.S. crude for August dipped 76 cents to $94.39. Both contracts fell more than $1 on Monday. \"Any continued contagion, including in Spain and Italy, or any of the larger economies, could certainly drive oil prices lower,\" Anthony Danaher, President of Los Angeles-based Guild Investment Management, said from Singapore. \"The risk-off play can persist for a few days, until it gets to a point where investors have liquidated short-term positions and value seekers step in,\" said Danaher, adding that a new global round of monetary easing may send Brent prices towards records near $150 later this year. Disappointing U.S. employment data and falling crude imports in China soured the mood in the oil market over the past two trading sessions. This has dented Brent\'s rally from about $102, a low reached after the June 23 announcement by the International Energy Agency (IEA) of a coordinated emergency stockpile release. Now Brent\'s price is at a similar level to where the front-month contract was trading when the Organization of the Petroleum Exporting Countries (OPEC) failed to agree on a collective output increase on June 8. The IEA on Monday said the amount of oil made available from emergency stocks would be slightly less than earlier stated after sales by member-countries met with mixed demand.

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