You probably have fried some or all of your coils with the oil bath. Coils don't like that at all. The intake manifold profile gaskets end up leaking after time and need to be replaced. That will cure the problem with the leak but you may need some or all new coils also. Needless to say, it is a very good idea for owners of M60's to pull the coil covers off once in a while and look with a flashlight for any oil leaks.
Probably about a 3 hour process for you to change the gaskets since you have to take the intake manifold off. There are some 0-rings that need replacing if you do this as well as other minor maintenance items. Hopefully, someone more familiar will chime in and give you the shopping list of what to get.
Mike Holbrook
Meridian, Idaho
1992 535im, 17", Euro M5 Throwing Stars 8's & 9's, FK-451 235/45s & 255/40s, M5 Sway Bars 25/20, Conforti chip, Lowes Ram Air, glass sunroof