By slipping out of gear, do you mean jumping from one gear to another or does the chain try to ride between gears and have trouble deciding which one it wants to be in? This can be corrected with the barrel adjuster - turn the adjuster out (making it longer) to increase cable tension until the chain is centered on a cog.
Or is the chain skipping over a tooth in a single gear? This mean that your chain and cassette are worn and need to be replaced.
Oil is good, grease is better.
2007 Peter Mooney w/S&S couplers/Terry Butterfly
1993 Bridgestone MB-3/Avocet O2 Air 40W
1980 Columbus Frame with 1970 Campy parts
1954 Raleigh 3-speed/Brooks B72