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Just rinse off the blade, no need for total immersion, then towel dry or use a piece of tissue as Jimmy stated. If you wish to use oil, I would use something not petroleum based, olive would be good,...

If you rinse your blade please use steaming hot water so it will evaporate. I do not rinse my blades at all, I wipe them on a towel. No dings on the faucet, no rust on the blade.