If they are standard oils (regular linseed oil based), they can be thinned with turpintine, turpinoid (less agressive), and some generic paint "thinners" including mineral spirits. If they are the new line of oils with a water-soluble oil, then water will thin them.
In either case, I would coat your model with Future first and let it cure. This will seal your paint job, improve the way the wash flows, and allow for easier removal in case of errors. Once the wash is on the model the way you want, allow it to dry completely seal it with Dull Coat, and press on.
What else are they good for? Oils are great for figure painting because of the way they can be blended. Many award-winning figure modelers swear by using oils.
Hope this helps...