Body Cream vs. Body Oil

I have dry skin. It used to be extremely dry, but after I developed a habit of consciously drinking a lot of water, it has become really soft now.

Still, I use body cream almost every day for hydration. I prefer cream over lotion because it provides better moisturization.

Is oil better for moisturizing than cream? It's a hassle to apply both, lol. For those of you with dry skin, which one do you prefer?