The advantage of Oracle Linux that I see is the newer supported kernel version, On both Oracle Linux 5 and 6 you get 3.0, compared to 2.6.18 for RHEL5 and 2.6.32 for RHEL6.
https://blogs.oracle.com/linux/entry/oracle_unbreakable_ente...
Disclaimer: I do not support servers, I just have an interest in CentOS/SL on the desktop.
(The confusion stems from the fact that Oracle also has the "Unbreakable Enterprise Kernel", which it also offers, but you need to explicitly install that with the "kernel-uek" package.)