It is leaking gas into the crankcase, probably due to a dirty needle and seat in the carburetor. Install and use a fuel shut-off valve. If that solves the problem, leave well enough alone. If the engine tends to flood out while running, the carb. will need attention, probably a cleaning.
In any case, drain the contaminated oil or the symptoms will continue even if you fixed the original problem.
In any case, drain the contaminated oil or the symptoms will continue even if you fixed the original problem.