I think it’s the additive package that deteriorates more than the base oil. There’s things in the oil that keep it stable and keep it balanced as it’s supposed to be. Moisture, acids, dissimilar metals, etc make it harder for the oil to protect as it needs to as it gets older. As far as the synthetic base oils, I have seen some conventional oils out perform synthetic because of the stable and robust additive package. The only way to tell if your oil is still good is to have a sample sent to a lab for oil analysis.
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