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Gum disease is a very common condition where the gums become swollen, sore or infected. The gums tend to bleed after you brush or floss your teeth, and the blood in your mouth causes the metallic taste. If left untreated, the tissues and bone that support the teeth can also become affected (known as periodontitis).
Oily taste in mouth can be due to either eating oily and spicy food, it can be due to gastrointestinal reflux, or improper functioning of the liver. The other causes may include improper oral hygiene, bad dentures, drinking alcohol, smoking tobacco, thick coating on the tongue. Correcting these minor causes can decrease bad taste in the mouth.