Preheat oven to 350°F. Line a rimmed baking sheet with parchment paper.
In a medium bowl, whisk together the oil, vinegar, sugar, soy sauce, sesame oil, salt and pepper to create a dressing.
Break up ramen noodles and place on baking sheet with sesame seeds and almonds in a single layer. Bake 5-10 minutes, or until lightly brown. Cool.
In a large salad bowl, combine the cabbage, red bell pepper, green onions and ramen mixture. Pour dressing over, and toss to coat evenly. Serve immediately.