Magnetic field effect (ME) on certain steps of chain oxidation of organic compounds of different series by molecular oxygen in liquid phase (initiation, chain propagation, and termination) is presented as a function of [O 2 ] in two regimes. At low concentration of oxygen (<1.5 mM), magnetic field accelerates oxidation by 10% to 100%, but at high concentration no magnetic effect is detected. The dominating contribution into the magnetic effect (ME) is provided by reaction of alkyl radicals to oxygen:. This reaction is stimulated by the Zeeman interaction which transforms in the encounter pair (R • O 2 ) producing transformation of quartet spin state, which is spin forbidden to react, into the doublet spin state, which is spin allowed. At high concentration of oxygen, this reaction is not a limiting step and provides no magnetic effect on the total rate of oxidation.