Nice old coin.
I use the olive oil too but I've also started using straight mineral oil as well. It's supposed to be PH neutral and basically inert as far as doing any damage to the metal. I can't say it's any better or worse because I've gotten pretty much identical results with both.
I have one old Liberty Cap LC that's been in mineral oil for almost a year. The date reads "179....." and I still can't get that last number. But, after a few centuries in the ground we're lucky we can read anything; especially in my area. This dirt is really tough on copper for whatever reason.
That's a nice old coin any way you slice it and regardless of what you decide to clean it up with. Congrats.