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I have one view created in oracle database and I need to display some reports based on it on a SharePoint 2013 enterprise farm.

I want to know which approach is preferable, should I create a BCS eternal list to generate the reports on or should I generate SSRS directly using credentials?

Can anyone suggest me the best way to achieve this?

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I can think of absolutely no reason to use an external list for SSRS when a direct Oracle connection is available. I also think your performance would be much better, depending on the size of the view. There's no downside to the direct connection, save BCS external lists for use as a column type.

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