As a general overview: A natural oil finish seeps into the wood, enhancing its natural beauty, providing a low sheen and surface protection. UV hardened oils are particularly durable. To keep it looking new, oiled floors usually require re-oiling here and there.
Lacquered wood flooring, on the other hand, has a protective layer (or multiple layers) of varnish or lacquer on top. Despite the misconception that lacquered finishes are shiny, matt lacquers can even be lower sheen than oil finishes. As it is a layer between you and the wood, a lacquered wood flooring is typically a lower maintenance option that is ideal for busy households.
Hopefully that helps to explain the difference between oiled wood flooring and lacquered wood flooring but, if you have any further questions, let us know and we’ll be happy to answer them.