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Olive oil is highly perishable, but is generally said to be âgoodâ for two years from the date it was bottled (this will usually be the âBest Byâ date). However, a better indicator of freshness is to go by its harvest date, which will tell you when the oil was actually made.
Refrigeration benefits most oils. If unopened, peanut oil and corn oil and other vegetable oils will keep for at least a year. Once opened, theyre good for four to six months. But peanut oil, like olive oil, which is high in monounsaturates, benefits more from storage in the refrigerator. Olive oil will keep for about 6 months in the cool, dark pantry, but up to a year in the refrigerator.