Light brown wouldnt be oil, more likely rust. Drain the coolant and look at it in the light. If you see a rainbow you got oil in the rad and THEN you are hooped. Thats the head gasket.
Now check your oil. Chances are, It'll have the same look too. BTW, if it looks like a chocolate milk shake, then oil and water are mixing somewhere. NOT GOOD! Get it fixed ASAP.