Christmas Eve Oyster Stew This is a classic oyster stew recipe that requires just a few ingredients for the tastiest traditional stew. If you enjoy the tradition of serving oyster stew on Christmas Eve this is a simple recipe that you will love. 16 oz oysters in their liquid Salt and pepper 1/2 c butter 2 cups whole milk Cayenne pepper Place the oysters in their liquid in a medium saucepan. Sprinkle with salt and pepper. Add enough water to just cover the oysters and bring to a boil. Reduce heat