You can also use a mixe, 1/3 boild linseed oil, 1/3 spar varnish, 1/3 mineral spirit. mix well and apply with a rag, keeping the wood wet for a few minuts, then wipe dry and let cure over night before an other coat!! I use that on most furniture project I make and it is a realy good finish!!
When ever you use oil, be sure to dispose of you rags properly, don't put them in the garbage all balled up, they can ignite on them self...