I also have the same issue, but i resolved it. After several try, nothing worked out. So the following way i tried, it worked for me, Just run the installation, while installing check the folder C:\Program Files\Oculus\Support\oculus-drivers
just copy the following files from the folder, into new location and install it separately.
oculus-driver.exe,
daybreak.dll and
newtonsoft.json.dll
when installing, the OCULUS folder won't open, if it happens just copy the OCULUS "C:\Program Files\Oculus\" folder to new location, for me it comes around 9.19 GB ,
once the installation show same error " restart computer". close the window. Install the driver separately and restart the system, then start the oculus setup.ext.
this way worked out for me.
Note: when installation starts, wait for some time, the software will extract the files inside of support folder.The Oculus-driver folder size is 25.1 mb.