Sounds about normal to me. I forget the required temp to turn off the cold
indicator, but what you post doesn't sound unreasonable. In fact, if it
takes too long to warm up, the check engine lamp should illuminate because
of a presumed thermostat problem.
Also, oil flow has little to do with coolant temperatures and everything
to do with localized overheating and friction. If oil flow were an issue
you'd be having other symptoms.
And I agree with Matt on the warm-up. Just get in and drive.
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