Oil futures on track for two-month highs as lockdowns ease
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NEW YORK (Reuters) - Oil prices jumped on Monday, with both U.S. and Brent benchmarks on track for their highest settles in two months, supported by optimism about resumption in economic activity and steady output cuts from major producers.Brent futures for July delivery rose $2.96, or 9.1%, to $35.46 a barrel by 11:16 a.m. EDT (1516 GMT), while U.S. West Texas Intermediate crude (WTI) for June traded $3.61, or 12.3%, higher at $33.04.That puts both Brent and WTI on track for their highest..