The spelling of the word "oxol" can be explained through its International Phonetic Alphabet (IPA) transcription. The first sound is /ɑ/, which is an open back vowel. The second sound is /ks/, which combines the consonants /k/ and /s/. The third sound is /ɔl/, which is an open-mid back rounded vowel followed by the consonant /l/. Overall, the spelling of "oxol" is consistent with its pronunciation in English.
An antiseptic containing hydrogen peroxide and menthol or some other camphor in dilute alcohol; it is designated, according to the camphor employed, menthoxol, naphthoxol, etc.
A practical medical dictionary. By Stedman, Thomas Lathrop. Published 1920.