Todays paint does not require any of the so called oils. Most paints are water-borne and have no or very little oils/solvents.
This was used back in the lacquer days of paint when the lacquer paint started to show dull, it was lacking the solvent oils needed to keep it glossy and keep it from over drying. Glaze was the answer to the need and it protected it without a wax covering which kept some lacquers from breathing.
The oils that are in glazes just sit on a finish, nothing more. Once the paint cures from the car mfg, there is no way or need for oils to try to migrate back into the finish.
Yes it looks good, it's the oil from the glaze, and if you want to use a carnuba wax after the glaze, that's fine. SOme glazes also use a silicone instead of an oil to provide more protection without wax, but most wax after glaze anyway for more depth.
The best way to keep paint looking new is to polish it and protect it. Some use wax, others use polymer sealants, which last longer than waxes. It's a matter of preference.
Regards,
Deanski