Any petroleum-based oil in a hydraulic clutch system is a disaster waiting to happen, as the oil atttacks the rubber parts and makes them swell up and blow out. If it is actually oil in there, I'd replace or rebuild everything, master cylinder, slave cylinder, and any flex lines in the circuit. At least flush everything out with alcohol, followed by a fill with fresh DOT 3 or 4 fluid, then bleed the system thoroughly. Nothing like pushing the clutch pedal, and not being able to get that beast out of gear!
Jerry