Nigerian oil worker talks will continue in January: Pengassan Repairs to cracked North Sea oil pipeline proceeding to plan Crude lingered near $57 a barrel for a third day as oil workers in Nigeria suspended a strike and repairs to a crucial North Sea pipeline proceeded apace. Futures slipped 0.2 percent in New York, erasing gains from earlier in the session. Managerial workers in Africa’s second-largest crude-producing nation halted their strike and agreed to reopen talks next month. Meanwhile, the owner of the Forties Pipelines System in the North Sea, which helps set international oil prices, said repairs to a crack that halted shipments a week ago were on track. “People that bought on the word of the strike are probably taking some profits,” said Phil Flynn, senior market analyst at Price Futures Group Inc. in Chicago. The Nigerian oil union known as Pengassan stopped work after talks deadlocked […]