Assuming that "water" means pure water and "oil" means something along the line of cooking oil (e.g. soybean oil) or engine oil (e.g. SAE 40) and NOT CRUDE OIL, then the boiling oil is much hotter, pressure being the same in both cases. . . At 1 atm, the boiling point of pure water is 100 deg. C or 212 deg. F.