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Oilite bearings are impregnated with a mineral oil having a high viscosity index and containing anti-oxidant, anti-rust and defoamant additives. They can be stored for a considerable period without deterioration or loss of oil if kept in a metal or other non-absorbant container, at room temperature.
After maching of the oilite bush, or following oil loss during storage, you might have to re-oil the bearing. Immerse in high quality mineral oil to VG68-150 at 60-C to 70-C for 10-15 minutes and then cool in cold oil.