Preheat oven to 350° F and line baking sheet with parchment paper.
In the bowl of a stand mixer, or using electric beaters, cream together the butter and powdered sugar. Add egg, vanilla extract, and vegetable oil and mix to combine.
Add flour, baking soda and powder, and salt and mix to fully combine.
Scoop dough out using cookie scoop or by the Tablespoonful and roll into a ball. Coat ball in the granulated sugar and place on prepared baking sheet.
Bake at 350° F for 8-9 minutes until edges are just set. Allow to cool on baking sheet for 2 minutes then remove to wire rack to cool completely.