Looking at it again, it does not look like black oxide.
Also, is it smooth to the touch? This is a farfetched theory, but perhaps what we're seeing are grains in the steel? I'm touching a Craftsman raised panel wrench, and it's smooth.
I'm printing a copy of the photo you gave us, and will seek the opinion of a metallurgist on Tuesday.
Edit: Okay, so a few years ago when I was at a different graduate program, I had to polish some solder samples for microscopy. We took polished it up to 1200 grit, and then switched to diamond paste. For the final stages, we used chemicals to etch the material so that the grains would be accentuated and highlighted. What if the wrench underwent a rough polishing process, and to save costs, instead of moving up with incrementally finer grits, polishing was done to a certain "finger-smooth" grit and then chemically etched to remove any residual scratches, and to provide a surface for the oxide layer to bite onto?