You can, but you'll make a mess of things. That oil will get all over your bike frame, the gears, your clothes, etc. It doesn't dry and never stops flowing.

If you do use the oil, let it sit a bit and then try to wipe it down.

I bet you have WD40 at home. That's probably better to use, in terms of making less mess, than engine oil, if you really do not want to get some chain lube.