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How many types of compressor oil are available and what are the differences? Here is a quick breakdown of the types of compressor oil, their uses, and what makes each compressor lubricant unique. Get ready to be wooed by the wondrous world of compressor oil.1. Mineral Oil: The Old School Champ Mineral oil has been around the block a few times, making it the true veteran of the compressor oil game. Made from refined petroleum, mineral oil is affordable and readily available. It does a pretty so …