The Elder Scrolls IV: Oblivion Game of the Year Edition (2009)

The Elder Scrolls IV: Oblivion Game of the Year Edition (2009)

Telekinesis - the best ranged loot spell that is in this game
Get Telekinesis spell as it make it possible to loot even from range (you need to be in combat mode aka trigger weapon equip for this to work).

Using this spell isn't necessary as it enough to have it slotted in spell slot to have it active while pointing in reticle in that direction one want to loot. So not need to spend magic to use this feature for only see what to loot on containers including dead bodies from kills.

So it is useful for any build or character.

This have saved me a lot of running back and forth just to loot those bags hanging around in Planes of Oblivion dungeons (are behind Oblivion gates). It also save a lot of getting PC close enough to loot kills as you can now loot from range distance instead.

Naturally the base spell (Apprentice) have a short range, so getting Mysticism high enough to purchase next tier Telekinesis might be tricky if one doesn't want to cheat with console command or other means, but it is really a time saver to have.

https://en.uesp.net/wiki/Oblivion:Telekinesis
(From what I could see on this wiki above it is not mentioned that one can actually also loot items, just that one can see what items/plants are from range.)