The biggest problem is thinking of pressurized O2 in the same way as the very diluted atmospheric O2. The problem is the ignition temperature of a material is lower as the oxidizer pressure goes up. A little drop of oil may not explode, but it can make a warm spot on the metal which may be higher in temp than the ignition temp of the metal for that oxygen pressure, causing the metal to ignite.
People have certainly seen a smoldering stick burst into flame when moved from atmospheric to an oxygen rich atmosphere.
At least it's not fluorine, which at STP is apparently energetic enough to ignite steel.
Looking interesting:
Each is a collection of articles, which are available separately.
STP 1561 - Flammability and Sensitivity of Materials in Oxygen-Enriched Atmospheres: 13th Volume
STP 1522 - Flammability and Sensitivity of Materials in Oxygen-Enriched Atmospheres: 12th Volume
STP 1479 - Flammability and Sensitivity of Materials in Oxygen-Enriched Environments, 11th Volume
STP 1454 - Flammability and Sensitivity of Materials in Oxygen-Enriched Atmospheres: 10th Volume
STP 1395 - Flammability and Sensitivity of Materials in Oxygen-Enriched Atmospheres: 9th Volume
STP 1319 - Flammability and Sensitivity of Materials in Oxygen-Enriched Atmospheres: 8th Volume
STP 1267 - Flammability and Sensitivity of Materials in Oxygen-Enriched Atmospheres:7th Volume
STP 1197 - Flammability and Sensitivity of Materials n Oxygen-Enriched Atmospheres, Sixth Volume
STP 1111 - Flammability and Sensitivity of Materials in Oxygen-Enriched Atmospheres, 5th Volume
STP 1040 - Flammability and Sensitivity of Materials in Oxygen-Enriched Atmospheres
STP 986 - Flammability and Sensitivity of Materials in Oxygen-Enriched Atmospheres
STP 910 - Flammability and Sensitivity of Materials in Oxygen-Enriched Atmospheres
STP 812 - Flammability and Sensitivity of Materials in Oxygen-Enriched Atmospheres