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I have the same car as you...
I also use Mobil-1: 5W-30 in winter and 10W-30 in summer. Your car takes right at 6 quarts. I usually use all 6 and then top off with just a bit more.
Buy a case of filters at a time at www.fcpgroton.com along with aluminum washers for the oil drain plug. I also bought one of those magnetic oil drain plugs. It is easy to change the oil in your car. I have to do mine about every other month at 5K mile intervals due to driving 100+ miles a day to work and back. It takes me less than 10 minutes with Rhino Ramps.
Here is your owners' manual: http://apps.volvocars.us/ownersdocs/1998/1998_SV70/98sv70_000.htm
Regards,
MIJ
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1998 S70 T5 Emarald Green Metallic, 2004 V70 2.5T Ruby Red, Previous Owner of Black '94 850 Turbo Wagon. My cars have been running so well lately they've got me worried.
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