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That would be incredible though

It would be quite difficult to burn oil without oxygen.

If they did then it would essentially be proof of extraterrestrial life, no?

As you probably know, that's impossible since fossil fuels (as the name suggests) are formed from the remains of prehistoric organisms. Since the Moon is lifeless, it has no fossil fuels.

But I wouldn't mind if the moon did experience a resource rush (unless it sparked a conflict). At least we would finally get to see a moon base.

Fossil fuels are known as biogenic oils or the like.

It has been theorised, but neither proven nor disproven, that abiogenic oils might exist. (Earth is likely only the biogenic kind, but other planets may differ).

That is to say, petroleum compounds can be formed without the need for biological materials, but rather through pressure, heat, and bedrock.

Non biological oil exist. It can't form on Earth since the algae completely change our atmosphere, but it can form in other celestial bodies.

It would be pretty useless there too, since there is no oxygen to burn it.