This is a simple enough project, melting wax in oil, to make a wax finish, which is not to be confused with a wax polish. I used the best smelling oil for this, walnut, which also has the highest oil content of any drying oil.
4 oz Walnut Oil
1 oz Beeswax
1/4 oz Carnuaba wax
I cook these with a Trangia alcohol stove, in a pan of water. This assembly is so safe I make this right on top of my wood Sjobergs workbench. Just keep an eye on the water level, as it boils out quickly.
My three legged Cedar stool had only a finish of cheap Linseed oil, and this wax finish brought it back to life. The next project is finishing my low workbench #3, which is a full 6′ 7″ long. I may need to cook some more finish for that.