Originally Posted by JusticePete
There are two potential oil sources. Brake fluid and Strut Oil. They should be easy to identify. Remove you front wheel. If there are traces of oil coming down from the strut, it is the strut. If the strut is dry and there are traces of fluid on or around the caliper, it is the caliper.
You can drive safely on a leaking strut if you drive conservatively. If it is brake fluid, you should not drive your 1LE. Let Chevrolet do their thing for you.
I still haven't gotten my toolset back from my buddy so I wasn't able to take the wheel off to check, but I was able to turn the wheel and stick my hand in there to feel for oil on the strut. My hand came out dry, but I guess I won't be able to know for sure until I can take the wheel off. Thanks for the info though, the possibility of it coming from the strut never came across my mind.