Yes, oils is a Scrabble word!

Verb

1. Cover with oil, as if by rubbing

2. Administer an oil or ointment to; often in a religious ceremony of blessing

Noun

1. A slippery or viscous liquid or liquefiable substance not miscible with water

2. Oil paint containing pigment that is used by an artist

3. A dark oil consisting mainly of hydrocarbons

4. Any of a group of liquid edible fats that are obtained from plants