Created attachment 76684 [details]
make output

./configure --host=arm-linux  --build=i686-linux CC=/opt/toolchain/arm-2010q1/bin/arm-none-linux-gnueabi-gcc --prefix=$(pwd)/linux-arm-install --disable-static --disable-glib CFLAGS="-march=armv7-a -mtune=cortex-a8"

same for both version. 

with version 0.3.9 - no problem with make
with version 0.3.17: (see attached for full make log)

libtool: link: ranlib .libs/liboilfunctions.a
libtool: link: rm -fr .libs/liboilfunctions.lax
libtool: link: ( cd ".libs" && rm -f "liboilfunctions.la" && ln -s "../liboilfunctions.la" "liboilfunctions.la" )
/bin/sh ../libtool --tag=CC   --mode=link /opt/toolchain/arm-2010q1/bin/arm-none-linux-gnueabi-gcc  -march=armv7-a -mtune=cortex-a8 -no-undefined -export-symbols-regex 'oil_'  -o liboiltmp1.la -rpath /home/robin/Daniel/IDT-projects/IDT-Gate/build-tools/liboil-0.3.17/linux-arm-install/lib liboiltmp.lo liboilfunctions.la -lm -lrt 
libtool: link: link -dump -symbols  .libs/liboiltmp.o   ./.libs/liboilfunctions.a |  | /bin/sed 's/.* //' | sort | uniq > .libs/liboiltmp1.exp
../libtool: eval: line 950: syntax error near unexpected token `|'
../libtool: eval: line 950: `link -dump -symbols  .libs/liboiltmp.o   ./.libs/liboilfunctions.a |  | /bin/sed 's/.* //' | sort | uniq > .libs/liboiltmp1.exp'
make[3]: *** [liboiltmp1.la] Error 2
make[3]: Leaving directory `/home/robin/Daniel/IDT-projects/IDT-Gate/build-tools/liboil-0.3.17/liboil'
make[2]: *** [all-recursive] Error 1
make[2]: Leaving directory `/home/robin/Daniel/IDT-projects/IDT-Gate/build-tools/liboil-0.3.17/liboil'
make[1]: *** [all-recursive] Error 1
make[1]: Leaving directory `/home/robin/Daniel/IDT-projects/IDT-Gate/build-tools/liboil-0.3.17'
make: *** [all] Error 2