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Bring water and oil to a gentle boil in a pot large enough to lay the eggs in one layer.
Add the eggs one at a time gently to the boiling water using a spoon.
Boil for exactly 13 minutes for hard boiled eggs, or 10 for medium, and 3-6 for soft (depending on how runny you want the yolk.
Meanwhile, prepare an ice bath with about a tray's worth of ice and enough water to completely submerge the eggs.
Remove the eggs with a slotted spoon and place immediately in ice bath.
Allow to sit for at least 10 minutes in bath.
Peel gently, preferably under running cold running water.