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Are you sure the low oil is not low brake fluid? There is no
low oil level indicator (there is a low oil pressure light which
is a bigger deal).
Volvos may burn a quart or two of oil every 5K miles and that is
considered normal.
Coolant needs to be topped up about every two years on my 1995 850
and 1998 S70. So thats not unuseual. Only do it when the car is
cool and I'd use Volvo brand coolant.
Brake fluid can drop as brake pads wear. Front brake pads are good
for about 35K miles (I mention this since it sounds like you
may need to do some general service checks on your car with that
high of a milage).
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