I'm not sure if this counts as a recommendation or not, but I have used the HD house brand penetrating oil wood finish on my wood sidings before, and the results are only OK.
This is probably the product that I used before:
https://www.homedepot.ca/product/beh...79l/1001001148
The results are only OK in the sense that in the first year, the penetrating oil appears to have done quite a good job in keeping water from getting the wood wet. I think we are in year 3 or 4 not, and I am 100% certain the coating is no longer working. I'll need to find some time to repaint the whole siding again.
It's a little disappointing to me bcos the reviews I read suggested that the stuff should have lasted longer (in offering weather protection).