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Oil
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acrylic
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Versatility
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Both can be painted in multiple layers. The layers can be diluted as watercolour or painted directly on support at butter consistence. It allows us to create numerous effects through the different combinations of layers. Both allow us to rectify our mistakes through covering the mistakes with opaque layer on top.
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Drying speed
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slow, easier to render forms and details. Suitable for all painting style
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fast, more difficult to render forms and details, allows quick changing of ideas and composition. Suitable for expressive/bold/graphical painting style or abstract painting
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Texture/stroke
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maintains the stroke/texture of the paint better
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stroke/texture smoothen a bit when dried
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Color
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keeps the colors' intensity better when it dries. This is because it dries through the oxidation of the binder instead of evaporation.
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tend to fade when the water evaporate. Some mediums add into the mixture also change the colors identity when they are wet.
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Medium
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oil-based, solvent(turpentine/white spirit)
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water-based
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