You shouldn't actually oil the cables as they are PTFE lined and the oil will destroy the lining over time.
If you want to oil them then use PTFE based lubricant.
To be honest, if they are at the stage where they need oiling then it is best to replace as the PTFE will have worn off at some point.
Poly tetra fluoro ethylene? Sorry... Quiz mode, I felt the urge to answer!
Yep ,me too. Science background responsible.
How about EDTA?