Ignition Lock Cylinder – 74 Fury

Parked my 74 Fury a few weeks ago. Went to go fire it up today, key goes in, buzzer goes on, ignition cylinder won't turn. I jiggled the wheel to no avail. Should I spray some penetrating oil in the key hole to see if something is just bound up? What am I missing here or do I have a spontaneous lock cylinder failure?
Author: jason99