Oil prices gave up some of Monday’s record gains on Tuesday, as investors cashed in on an increasingly bullish market. Brent crude, the global benchmark, was down 0.62%, at $58.07 a barrel on London’s Intercontinental Exchange. On the New York Mercantile Exchange, West Texas Intermediate Futures were trading down 0.42%, at $52 a barrel. “We are witnessing some profit-taking,” said Ole Hansen, head of commodity strategy at Saxo Bank. He said a stronger U.S. dollar Tuesday could also be incentivizing some investors to boost their profits on the back of higher oil prices. “It’s been a hell of a run and [Brent] is now approaching the psychologically important mark of $60 a barrel,” Mr. Hansen added. Brent on Monday closed up 3.8%, at $59.02 a barrel, its highest settlement since July 2015, while U.S. crude futures settled nearly 23% above this year’s low of $42.53 a barrel on June […]