The only place we use any type of petroleum-based lubricant is on the rocker posts, and that is a lithium grease.
ANY type of oil/grease anywhere else in the open attracts grit and grime, and actually helps increase wear on components.
We use Hoppes' Dri-lube, which is a quick-drying teflon-based lubricant. Any quick-dry teflon or similar lubricant will work.
Good shooting, Pinwheel 12