I'll play both sides of this out:
I've tried oil myself previously on an extruder in another printer giving me problems with PLA. After about 3 times, I decided never again because the entire thing slowly became a nasty sticky mess.
Did it help the extruder extrude? Yes
Did it help my prints? No, it caused more problems than it solved.
Did it damage my printer? Yes, it made it a sticky mess of oil and oil attracts dust. There's not enough alcohol and cleaning agents in the world to remove all the oil after just a few uses. The oil creates oil mist and fumes that spread ALL OVER the printer, not just the extruder. Ever seen the area around a fryer at a fast food joint? It's like a bomb of "sticky" went off.
So things you have to ask yourself about using oil:
If you keep adding oil, where does it go? I mean it has to go somewhere right?
At what point does oil fill something up inside the extruder and run over or drip out?
If common advice is that fingerprint oil alone can keep objects from sticking to the print bed- what happens when a stray drop of oil lands on the print bed?
If oil keeps parts from sticking to the printbed, wouldn't oil also make the layer bonds weak(er) in the printed parts?
Wouldn't oiling before the drive gear tend to make the drive gear more prone to slipping- not less?
The folks who recommend this NEVER address those basic questions.