This disclosure relates to vinyl terminated macromer (VTM) based synthetic basestocks and their methods of preparation, lubricant compositions, methods of lubrication and products so lubricated. The VTM based synthetic basestocks useful for fuels and lubricants include oligomerization or polymerization products of one or more allylic vinyl terminated macromers (VTMs) having a molecular weight from 84 to 10080. The one or more allylic VTMs are oligomerized or polymerized in the presence of a catalyst under oligomerization or polymerization conditions sufficient to give the VTM based synthetic basestock. The catalyst can be a metallocene catalyst or an acid catalyst, e.g., Lewis acid. The one or more allylic vinyl terminated macromers (VTMs) can be one or more allylic vinyl terminated atactic polypropylene macromers (VTM aPP) having a molecular weight from 84 to 2250 and having a terminal allylic vinyl olefin content of at least 90%.