I'm sure the oil isn't getting to the bearing because it isn't helping.
How did you end up getting yours off?
I had to beat on it with a hammer, most of the way out too, had to use a big ratchet extension as a punch. It was a pain in the ass and I was actually really worried about ****ing up the axle. If you have a brass punch, that will help keep the axle from getting damaged.
Another option is to make yourself a puller out of some all thread and some nuts, washers and a socket or something big enough for the "head" of the axle to fit into. Put the all thread through the axle, put the socket over the axle head and put a nut and washer outside of the socket. Then go to the other side and put a nut and washer on it and tighten down until the axle starts to move. Just be aware that the socket will probably try to turn and mar up your swingarm, so maybe put something between the two like a piece of wood. You might also want to put two nuts outside the socket and tighten them together, it will make it easier. Of course there are risks here too, most of the all thread that you can get at places like home depot isn't all that great. Get the coarse threaded stuff and it probably wont strip. It really depends on how stuck your axle is.
I don't suppose you have an air hammer? That would probably get it out pretty fast, but I would use it carefully .....