A soft oil finish does seal the pores from bacteria but also protects the wood from water as it is being washed. You DO wash your cutting board, RIGHT?!
The best wood for cutting boards is White oak due to the tannic acid which is antibacterial and the closed pore structure of the wood. Quatersawn resists warping/cupping. I have a 40 year old cutting board I made that has been used, abused, washed, chopped, replaned, and still works as advertised... I used flax seed oil like you get from health food stores. It is food so yeah food safe. It dries in a few days and will build up to a high gloss if given enough coats. Many, many coats. I don't like mineral oil because it never dries, I hate setting a board on a nice cloth and finding oil stains when I pick it up.