Last year in lab, this guy got burnt semi-badly when his oil bath caught fire (actually this story has the odd quirk that I never saw the guy, so i don't know how badly he was hurt, but I can promise you he exists). Actually oil bath fires are not so dangerous, but how you extinguish them can be really dangerous. The molecule that explains why this is so is oxygen. Before I explain, watch this video to see how bad oil fires can get: