If I want to prevent bolts from seizing, there is a compound for that - I use coppaslip or something similar. Of course, depending on the application you may want to be sparing with it, or don't use it at all. Personally I would avoid oil, unless you're careful. It has a nasty habit of pooling in blind holes, and can cause your bolt or stud to shear before it's been fully turned home, or give a premature 'click' on the torque wrench.