Oracle sat around steps (9)
I believe the answer is:
escalator
'steps' is the definition.
(I have seen 'effortless steps' mean 'escalator' so perhaps 'steps' could also mean 'escalator')
'oracle sat around' is the wordplay.
'around' indicates an anagram.
'oracle'+'sat'='oraclesat'
'oraclesat' with letters rearranged gives 'ESCALATOR'.
(Other definitions for escalator that I've seen before include "financial clause" , "effortless steps" , "Lift" , "Carol eats (anag.)" , "the easy way up" .)