Finishing oil Finishing oil A finishing oil is a vegetable oil used for wood finishing. These finishes are a historical finish for wood, primarily as means of making it weather or moisture resistant. Finishing oils are easily applied, by wiping with a cloth. They are also simply made, by extraction from plant sources with relatively simple processing. Historically, both of these were considerable advantages over varnishes, that depended upon exotic imported plant resins, complex preparation and careful application with expensive brushes. The two most important finishing oils, to this day, are linseed oil and tung oil. Linseed oil is extracted from the
World oil market chronology from 2003 two major oil suppliers reducing supply generated fears of a repeat of the 1973 oil crisis. The mid-July decision of Saudi Arabia to increase oil output caused little significant influence on prices. According to the oil minister of the Islamic Republic of Iran, Gholam-Hossein Nozari, the world markets were saturated and a Saudi promise of increased production would not lower prices. Several Asian refineries were refusing Saudi petroleum in late June because they were over priced grade. On July 3, "the Brent North Sea crude contract for August delivery rose to $US145.01 a barrel" in Asian trade. London Brent crude