Oil Vapor condensation
You are right about it may be the PCV Valve (Positive Crankcase Ventilation) allowing oil through instead of regular crankcase pressure buildup.
Also, some small amount of oil will end up as vapor and condense in the throttle body because it will cool faster than the rest of the engine.
I've seen this on every vehicle I've owned, so it's really not a big deal unless it's a substantial amount of oil, in which case it could be valvetrain problems with oil blow-by.
Replace the PCV valve first, it's cheap.