Do NOT oil the wicks in the grease tubes! Those are only meant for grease and if you oil them, that will send oil down into the motor which can and will kill it.
If your machine is turning over but locking up once the handwheel is in place, that either means your motor is locked up, or the handwheel needs to be cleaned along the part where it inserts into the machine. Common sense will take care of the latter problem, for the former problem look here:
http://vssmb.blogspot.com/2012/01/co...ted-motor.html