some bushing has dried out because of earlier generous oiling of the "SERVICE STATION"
replace parts and proceed, btw squeaking of bushes is also caused by incorrect tightening of bushes, the wheel has to be in neutral and road level position when every bushing bolt is tightened - that way the bushes remain in resting position and only flex when called for.
If they were tightened with the wheel hanging they will be flexed all the time, wearing them out or tearing and then causing squeaks.