Line a baking sheet with wax paper and spray with cooking spray. Have pretzels crushed and measured and marshmallows ready.
In a large microwavable safe bowl place caramels and milk. Cook on high for 1 minute and stir. Cook about 1 - 1 1/2 minutes more, stirring and checking every 15-30 seconds until it is just melted and smooth. Be care to not overheat because caramel will become very hard when cooled. Gently mix in crushed pretzels.
Using 2 spoons, scrape about a tablespoon full onto the cookie sheet (see photo in post). Place about 3-4 caramel / pretzel scoops then immediately push a marshmallow down firmly into the center. It's okay to really push it down, so the pretzels spread and the marshmallow sticks to the caramel. Caramel can be reheated for a few seconds if it starts to harden and become hard to work with.
Finish placing all the marshmallows in caramel. Then go back and shape with fingers caramel in a more circular shape around marshmallow.
After all the marshmallows are placed, melt the chocolate and oil together in another microwaveable safe bowl. Cook on high for 45 seconds, stir. Continue to cook for about 1 minute more, checking every 15 seconds, until all the chocolate is smooth.
Drizzle the chocolate over the marshmallows with a small spoon and decorate with sprinkles, if desired.
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