An oil squirter for an engine includes a piston-type valve having a damping vent configured to damp oscillations of the valve piston during opening and closing. The valve piston may be spring biased and the valve may opened by oil pressure exerted on the piston at or above a cracking pressure. The damping vent controls displacement of the valve piston by creating delta pressure in oil contained in a piston chamber in opposition to axial piston movement during opening and closing of the valve, to stabilize the axial movement of the piston thereby damping valve oscillation during valve opening and closing. The damping vent operates to increase cracking stability and eliminate cyclic contact of the valve piston and valve seat to prevent noise, wear, binding, and oil system pressure fluctuations due to squirter valve instability.