Randy,
I have had good results using both Mahoney's Utility Finish and Walnut Finishing Oil from Doctor's Woodshop LLC.. I tried using walnut oil from the grocery store and it ended up a gooey mess. I use the walnut oils on most of my utility pieces with good results. I make my own revitalization oil/wax paste using four parts of one of the above to one part bees wax. That goes on bowls and cutting boards that have dried out and are looking a little ratty...works for me. YMMV