Pre-heat oven to 300 degrees.

Place the peanuts and oil in a medium bowl, stir to coat the nuts. Combine the sugar and spices in a small bowl, stir to combine, sprinkle the spices over the nuts. Stir to coat the nuts.

Pour the nuts out onto a cookie sheet. Bake 20 -25 minutes stirring once half way through baking. Remove from the oven to a cooling rack. Cool completely, store in an airtight container.