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Although alkyd paint can be more difficult for the inexperienced to work with, it some situations it does yield superior results. Be careful when you say "oil" because what is traditionally referred to as oil based paint is alkyd. For an extremely durable, high gloss, but slow drying paint, select linseed oil base.
On a number of commercial and high end residential paint jobs, I've used alkyd paint, and most look very good many years later. Latex isn't as resistant to wear and scuffing.
You can also go for an in-between, with waterborne paint. The chemistry is different from latex, and the application is not the same, either, but it does deliver a finish that's better than average. Muralo is the brand in this category with which I have the greatest experience.
More than anything, stay away from the big box stores, as their paint is shiat.
I stick with known brands which deliver dependable results: MAB, Benjamin-Moore, Pratt & Lambert, Finnaren & Haley.
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There ain't nothin' more powerful than the odor of mendacity -Big Daddy
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