It happens because of a combination of splash lubrication and surface tension.
While the engine is running the dipper finger is throwing oil around all over the inside of that engine. The dipstick actually touches the plastic housing in many cases including yours. Oil that gets thrown up by the dipper finger sticks to the dipstick and the tube due to surface tension. When you pull it out and wipe it down, the oil goes back down the tube and any remaining oil just smears along the tube.
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Today's Featured Article - The David Brown Rose Badge - by Samuel Kennedy. In the 13th century civil war was raging in England. Two English noblemen were involved in a conflict which became known as the War of the Roses. The Duke of York had as his emblem a white rose and the Earl of Lancaster had a red rose. Today the white rose is the official emblem of the county of Yorkshire and the red rose has been adopted by the neighboring county of Lancashire.
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