Carruthers in Venice CA. swears by Tru oil. I have finished 3 basses, and I just put my first coat on tonight for my latest project, using Tung oil. I got some at the hardware store that has a polyeurathane blend. I hand rub it in with an old cotton sock, fine steel wool between coats, and leave the neck all slick and satiny by steel wooling the last coat. While I leave the body with a little gloss to the finish. It takes about 10 - 12 coats. My first one was done about 18 months ago and still looks very nice, like when I first applied the finish.
Have fun, JBY