So I bought a Lew's Team Pro Magnesium Speed Spool reel off of TW when it was on their closeout deal this winter. I've only used the reel about 10 times this season so far so it is practically brand new still. Ever since using it there has been this high-pitched noise/screech when I cast. Does the reel need oil? Has anybody else experienced this before? It's hard to describe the sound it makes but it isn't like a grinding noise or anything and only happens when I cast and the lure is in the air. It doesn't seem like I'm losing any casting distance from it either, just really annoying.  

If that model has centrifugal brakes oil the drum.