I'm not convinced abuot the oil idea, sounds like typical water pump impellor, Chris has posted this in another thread:
http://www.alfaowner.com/Forum/attac...g?d=1151684768
Engine revs rise and the impeller can't cope with the water pressure so pumps less water round so you engine gets hotter. Same scenario is possible with the oil pump but isn't known.
Could also be your sensor....there's another thread knocking around at the moment...but again, less likely imho.
Hope I'm wrong...
wrinx