Did some research and this is what I have come up with
I never heard of a shelf life for oils, so I did a little digging and came up with this from an SAE oil guy:
OK....some of you guys know my background (exhibit manager at SAE..yes the guys on the oil can, SAE 10W30 etc).
"Oil is oil...period...biggest difference is certain companies blend additives to the oil. In addition, oil does not have a shelf life. If you use a large capacity container or buy in bulk...just make sure to keep the container's lid closed and tight....
One of the engineers here at SAE laughed when I brought up the question of oil and shelf life...he responded by saying that the air in your tires goes bad too and tell your CW guys to change the air.
Simply keep the oil tightly closed and it should last almost indefinitely. Using newer oil only gives you the advantage of the newer blends coming out and whatever new technology has become available to the public."