The oxidative stability of enzymatically modified oils (structured lipids) and their unmodified counterparts were assessed using proton nuclear magnetic resonance (1H NMR) spectroscopy. This methodology was used to monitor relative changes in the proton absorption pattern of the fatty acids of oils during storage at 60C. Relative changes of aliphatic to olefinic (Rao) and aliphatic to diallylmethylene (Rad) proton ratios during oil oxidation were determined by 1H NMR spectroscopy. An increase in Rao and Rad values was obtained over the entire storage period. The oxidative stability of oils was also evaluated using conjugated dienes (CD) determination, 2-thiobarbituric acid reactive substances (TBARS) and headspace volatile analysis. A highly significant correlation (r = 0.930–0.992; P ≤ 0.005) existed between the CD values and changes in Rao and Rad during oxidation of all oils. The correlation coefficient between TBARS and changes in Rao and Rad values was in the range of 0.779–0.983 (P ≤ 0.05). A high correlation (r = 0.948–0.996; P ≤ 0.005) was found between hexanal content and Rao and Rad of oils. Propanal content was also highly correlated (r = 0.950–0.990; P ≤ 0.005) with Rao and Rad.