Oil on track for two-month high as lockdowns ease, positive vaccine results
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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 positive early results on a potential coronavirus vaccine and optimism about resumption in economic activity.Brent futures for July delivery rose $2.25, or 6.9%, to $34.75 a barrel by 1:34 p.m. EDT (1734 GMT), while U.S. West Texas Intermediate (WTI) crude rose $2.16, or 7.3%, to $31.59.That puts both Brent and WTI on track for their highest..