Join Date: Jan 2011
Location: Jacksonville, NC
Neither mineral nor walnut oil is a drying oil and bees wax could affect final finishing if not removed entirely from surface of wood. So if end up with gummy mess one of those oils or bees wax the problem. Wiping down surface with mineral spirits removing oils and wax before applying finish not a bad idea. Just let surface air dry before applying final finish.
If want to keep down dust while sanding bare wood use water or mineral spirits. While both water and MS penetrate wood pores same as oils easier to dry/remove. Yes, water will raise grain, easy to lightly sand away.
If either mineral or walnut oil is your final finishing material no problem.
I do not use any kind of wax as a finishing material. Will use paste wax once final finish (Lacquer, Poly, Shellac, or Varnish) has cured.