Yes, oiled is in the scrabble dictionary

...and is worth 7 points by itself.

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Oiled Definition

adjective

Slang Intoxicated; drunk.
from The American Heritage Dictionary of the English Language, 4th Edition
Treated or covered with oil: "Seventy percent of eagle nests in the oiled area failed to produce live chicks” ( Timothy Egan).
from The American Heritage Dictionary of the English Language, 4th Edition
Lubricated, treated, or covered with or as if with oil .
from Free Scrabble Dictionary

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Top Words by points

Points

oiled

6

2 letter words with OILED

Points

do

3

oi

2

oe

2

od

3

lo

2

li

2

id

3

el

2

ed

3

de

3

3 letter words with OILED

Points

ole

3

old

4

eld

4

oil

3

ode

4

dol

4

doe

4

led

4

lei

3

lid

4

lie

3

del

4

die

4

4 letter words with OILED

Points

loid

5

dole

5

olde

5

lode

5

lied

5

lido

5

idol

5

idle

5

deil

5

deli

5

diel

5

diol

5

5 letter words with OILED

Points

oiled

6

oldie

6

Found 37 words in 0.15269 seconds