Oil finishes should generally be wiped off long before they get a chance to cure. Basically you should be aiming at getting as much finish as possible soaked into the grain and none left filming on the surface. If you don't do this you end with something that is somewhat akin to a not properly cured varnish finish.
I would suggest that the best way to salvage your current finish might be to apply another coat of oil. The difference is that you are applying this lot only to act as a solvent to what is already there. Once this has been applied, almost immediately you should be removing both the new coat and the (hopefully) dissolved excess from the old coat. My rule is to never use steel wool. There are too many timbers that don't react well to ferrous metals to make it worthwhile. A tiny fragment of steel dust on an oak panel can easily give you an unsightly blue stain that is impossible to remove. I use nylon abrasive pads like those made by 3M. Basically apply your oil, vigorously rub the surface with the 3M pad and then immediately remove the excess with workshop paper towel or lint free cloth. I use paper towel because the important thing is that you are removing oil and a saturated cloth won't do that for you. Make sure that when you are finished you dispose of the cloths etc safely. Most oil finishes are capable of causing spontaneous combustion in the right (wrong!!) circumstances.
Needless to say, you should try this on a small, less obvious, area before you proceed any further.
For the future, my routine with oil finishes is :-
1 - Apply a generous, flooding first coat. Leave this for a few hours, depending on temperature this can be up to, but not more than, overnight. You are aiming for this coat to still be wet to the touch before the next one goes on.
2 - apply a second coat. Be generous where the first coat has gone to dry patches. This is either because the timber is more porous (end grain etc) or where your first coat was scant. Leave this second coat for a much shorter period of time. Your aim is to apply the third coat while this is still wet but when it has had enough time to soak in. Again depends on temperature but a couple of hours should be sufficient.
3 - apply a third coat. This time you should apply an even coat and then immediately pick up your nylon scourer and start rubbing the finish in to make sure that it is evenly spread and well consolidated into the timber. As soon as you have finished the scouring, go back to the start with the paper towel or cloth and start wiping to remove the excess. Change cloth frequently. At this stage you are removing finish and a saturated cloth doesn't remove finish.
This routine works for me but I would be interested if antbody has a way that shortcuts it.