Not unusual. It should have left a thin coat on though, even if the excess oil is beading up. If this bothers you, you can also use a thin motor oil, which contains detergents that should help reduce the beading effect. I've used 3-in-1, baby oil, honing oil, 30-wt, as well as the Dovo Sterol and the Tuff-Glide stuff, and they all seem to work beading or not. Just don't use WD-40 unless you like rust.