Way to THIN Cory why did you add oil to it ?

Get your self a double boiler of some type to melt your lub in , do not add any oil to the lub - just melt it .
Do not heat your Bulletts , Just set the bullets right side up in a cake pan or something like that leaveing a little space between them . Then dip your lub in until you are where you want to be on your bulletts. Then just let it cool on its own ALL THE WAY cool
After it cools then pop your Lub cake out of pan and just push the bulletts threw the lub until they drop out. This way your lub sets up and stays were it belongs. Just the way I do it , it may work for you as well. "Good Luck"