I use the 3-IN-ONE oil in the Blue can.
I also use this oil in my Antique Western Electric Brass Fan.
I had read that the Red label 3-IN-ONE oil contains Naptha. Naptha supposedly gets dirt/dust in suspension and when it evaporates, dirt is left on the bearing surfaces which is not good for bearing life. This is the reason why oils containing naptha and detergents are not recommended for electric fan motors.
Both the red and blue label 3-IN-ONE oils are non-detergent oils.
Zoom Turbine oil is another oil that I use. The bottle has a built in telescoping thin tube to allow you to get into hard to reach areas.