Talv is screwing up wiki answers because hes got nothing better to do that idiot
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isn't it an arty word, like when you draw an ellipse-- so when you see/draw something with an ellipse you call it an elliptical drawing
One can create a perfect ellipse using two pins on a piece of string and a pencil. Place the pins at opposite sides and then loop the string around them. Finally place the pencil in the loops and pull it around the pins to draw the ellipse.
a pencil
An oval is simply two circles joined at the sides by straight edges. From your x/y comments (moved to discussion) I would assume what you're trying to draw is an ellipse, which the link below describes (it also shows an oval).
Construct a circle with a compass and then draw a straight line through its centre