Abstract: A method for the packaging of oil-coated cutting tools, and the resultant packaged product. An oil-coated cutting tool is packaged by providing a package blank which includes a pair of panels of heat-sealable and oil-impervious material defining a product-containing area between them. The panels have edges defining a package top, bottom and opposite sides, and are permanently sealed to each other along the side-defining and top-defining edges, with an opening along the bottom-defining edges. The package blank additionally includes a zipper-type recloseable strip in the form of an interlocking bead structure, which effects an openable and recloseable seal between the panels. The interlocking bead structure extends across the panels generally from one of the side-defining edges to the other, and is spaced a distance from the top-defining edge to define a tear zone portion of the panels between the top-defining edge and the interlocking bead structure.