Ummm, can I change my answer to "It wouldn't oscillate forever"?
If the pipe contained a perfect vacuum, and if the pipe coincided with the axis of rotation of the Earth, and if the axis of rotation of the Earth were in a constant direction, and if ...etc. then the stone would accelerate as it approached the centre of the Earth, decellerate as it approached the surface on the other side, and oscillate for ever.
In practice, Coriollis' force will always jam the stone against the side of the tube and it will slowly slide to the centre of the Earth, held back by friction.
As you probably know, Coriollis' force is the apparent force which arises because an object will have a certain angular momentum cause by the rotation of the Earth (except at the poles). If you drop the object so that it is nearer the centre of the Earth, the object tries to keep the same angular momentum, but, because it is now nearer the centre of the Earth, its radius is smaller, so the only way that the product of radius and angular velocity can stay the same is for its angular velocity to increase i.e. although the piece of pipe near the stone rotates once in 24 hours, the stone will rotate in 23 hours (say). Consequently it hits the side of the pipe.