I wouldn't know firsthand, since I am uncut and don't require lube, but edible vegetable oils should be fine. I use them with massage, (so I can lick them off later) tho olive oild is a little heavy for that.
yes, its an excellent Lube. Actually good for dry skin. I also use it in my ass when I stick a vibe up there
I think it's a good idea. Girls may also use it but only externally (oily substances are not good inside the vagina). Betty Dodson recommends sweet almond oil for penis or vulva massage.
Coconut oil! I recently learned about this. It's a great lube, but don't use it with condoms, because it's an oil.