In reply to Heather Ordover.

Heather, typewriter manuals from the early 1900s definitely recommended solvents like gasoline, kerosene, and turpentine for these uses. Stoddard's formula began displacing them in the 1920s as it became more broadly available. I'm sure factors like availability, price, smell, and many others come into the equation for both repair shops as well as individuals.
Definitely take care to use in well ventilated spaces and keep them away from open flames or things which cause sparks and can ignite vapors. Masks and gloves can be useful to mitigate inhalation of vapors as well as absorption of carcinogenic solutions by the skin.
I frequently use small plastic oilers with thin tipped ends for dispensing both solvents as well as oil, so I'm sure your sewing machine oil bottle will work well. I often use a sewing machine oiler with a zoom spout in my typewriter restoration practice. For some hard to reach places I'll put a drop of oil onto the tip of a flat head screwdriver and just touch it to the location in the typewriter that needs it. Many typewriter manufacturers sold custom tools that provided this functionality. Occasionally I'll also use aerosol-based oil sprays and then follow them up with a blast of air from my air compressor to prevent over-oiling and subsequent dust/dirt buildup.
There is a tremendous overlap between typewriter repair and sewing machine repair. Last week I advised someone who was using the wrong bobbin on their sewing machine which is almost identical to using the wrong ribbon spool on a typewriter.
If you haven't found it yet, I keep a collection of resources and articles at https://boffosocko.com/research/typewriter-collection/