I went through a lot to try to get my black S-grade CQ clean and than gave up and stored it. Recently I decided to try again, I rinsed it a few more times, added it to an empty tank & let a filter packed with filter floss run for a week and the oil went away. I was getting a black ring around the water surface too and that also went away. No ill effects have been seen & the stuff is gorgeous!
Msjinkzd has T-Grade CQ in her 220g tank, you should be able to find some pictures fairly easily.