I cant quite determine from the post, where you are seeing this "oil".
But I had a similar unburnt fuel/oil mix greenish-blue that seeped out the front of the exhaust housing from under the powerhead, and ran down both sides of the housing.
Was a real pain to figure out! Pulled the PH twice. Here's the scoop and something to look into:
My issue was the 4 lower crank-head bolts that go into the retainer ring on the inside (not the 8 outside diameter bolts). On the 1st re-pull of the PH, I did the O-rings, and crank seals again. Remounted, and the issue still continued.
Removing the Powerhead a 3rd time....I found that there are "seals" or mini O-rings under the heads of those 4 Lower crank head bolts. The OEM book is not clear about them. But on another motor, removing them showed signs of a seal material. And the surface under the bolt head is counter-sunk slightly to accommodate the.
I then placed small O-rings around under those bolt heads, and not a drip since!!
If you search, I had a thread with pictures if it can help.