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Application of linseed oil is thoroughly recommended on unvarnished wooden tool handles and other items. The oil soaks into the wood somewhat and provides a protective coating as well as a pleasing appearance. Where the oil occupies the pores and vessels in the wood, it prevents the damaging cycle of water getting in, then the wood drying out again.
The old adage goes that application of linseed oil to a new bare wood item should be once a day for a week, once a week for a month, once a month for a year, then once a year for life. However it is more important to get some oil into the wood anyhow, than to worry too much about how often, or whether to use raw or boiled. If you are going to store your item in a damp environment though, try and adhere to the adage, or find a better place to store your treasured tools.
The main ingredient is alpha-
The presence of other chemicals in BLO detracts from the ideal of using a local product. Linseed oil comes from Cultivated Flax (Linum usitatissimum) that is grown widely in the UK. So personally I would use raw linseed oil, and add spirit occasionally when required. The result after a number of cycles of use, staining, cleaning and oiling, is a lovely patina of warm colours, and a long lasting implement.
Linseed Oil
Tips
Photo Jean Vernon