Magnetite (Fe3O4) nanoparticles were synthesized and coated with Oleic Acid using the co-precipitation method. The particles were characterized using DLS, FT-IR, SEM, XRD, VSM and UV-Vis spectrophotometry analysis. The mean size of particles was 28.8 nm and the FT-IR analysis indicated that Oleic Acid was coated suitably on the nanoparticles. The vsm test indicated no hysteresis loop for the particles, defining the superparamagnetism of them. A nanofluid containing nanoparticles in 5wt% Acetic Acid in Toluene as the base fliud was prepared. The stability of this nanofluid was determined using UV-Vis spectrophotometry to be less more then 95% in the first two hours. This nanofluid is used as...