Usually if you have water or coolant in your oil, it'll look milky and/or foam. Probably intake gaskets in that case. I'd also check for general leaks in the radiator hoses/lines and see if you radiator cap is sealing correctly.
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'13 Mustang 3.7V6 - MT82
'00 GP SE (L67 Swap, XP, Headers, 3.25")
'98 GTP, '01 Bonne