1. Contains a non-defining relative clause ("which I found in the study"), so the commas are necessary.
2. Because "freshly squeezed" is a compound adjective (where the left element further modifies the right element) it certainly helps the clarity and readability of the sentence to use a comma.
WARNING: There is a certain amount of disagreement amongst grammarians, about whether or not '-ly + past participle' is technically a compound adjective or not. Depending on which book you read, you might get a different answer.