My bike drips oil out this hose onto the garage floor (small pool about the size of a quarter) every day after riding it. It's leftover/unburned 2-stroke oil from the PV chamber. If you're getting a lot of spooge dripping down the pipe onto the swingarm, as I once was, then try a lower flashpoint oil as nknudsen suggested. I have found that Motul 710 works very well if you're a trail rider/racer, which has a flashpoint of 88 degrees C. There are lots of low flashpoint options, though. Amsoil Dominator has a flashpoint of 102 degrees C.
For comparison, the popular Motul 800 has a flashpoint of 252 degrees C.