Although I'm not familiar w/ Oscars, I think the same principles of fish care apply here.
I would say to make sure all three sides of the tank are permanently covered w/ something dark (background, contact paper, etc).
Next, keep the lights off as much as possible for about a week or until he starts showing signs of improvement. It may help to completely darken the tank for the first day or so.
I would look to add some Sea Salt (aquarium salt) and maybe Melafix.
Some other things to consider .... Is the tank fully cycled??? Any traces of Ammonia, Nitrite???? High Nitrates???