Oil prices gave up earlier gains to turn 1% lower on Monday amid profit-taking following last week’s rally. As of 7:13 a.m. ET, the U.S. benchmark, WTI Crude, traded 0.81% lower at $60.98. The international benchmark, Brent Crude, was down by 0.83% on the day at $65.41. Oil rallied by nearly 8% last week after the Trump Administration imposed sanctions on Russia’s two biggest oil producers and refiners, Rosneft and Lukoil, “as a result of Russia’s lack of serious commitment to a peace process to end the…