As both Haley & TallPaul have noted, some caveats are in order when viewing flash points.
Flash point is actually the ignition temperature for the most volatile component in the formulation.
So while the base oils may be high VI index with very good high temperature stability, a volatile component, such as a pour point depressant or viscosity modifier, may create an artifically low flash point.
And my example of this is the Clean 5000 & 7500 lineups that all have the same low 392F flash points, regardless of viscosity grade.
The other issue is in regards to method. Cleveland Open Cup(COC),ASTM D-92 is very common, but also seen is the Pensky-Martens Closed Cup(PMCC), ASTM D-93 in which the sample is stirred in a covered cup to contain the vapors.
Here's a
Link that gives a brief description of both methods, not very in-depth, but at least conveys the general concepts of the 2 test methods.