The '84 Broadway revival with LuPone and Ron Moody closed after 13 previews and 17 perfs. I imagine that result has discouraged future attempts.
Oliver! is still occasionally performed regionally, at least in the Chicago area with productions at the Lincolnshire Marriott ('06 & '19) and at Drury Lane Oakbrook ('13). I caught the '06 and '13 productions, which were well received critically. I avoided the '19 revival, which got some bad reviews.