The price of oil jumped Monday but could still have further to go. Both Brent crude, the international benchmark, and West Texas Intermediate, the U.S. standard, were up more than 2% after Saudi Arabia made a move to cut oil production. The Federal Reserve is widely expected to pause its interest-rate increases at its June 13-14 policy meeting as inflation has shown signs of cooling, although one more rate hike is possible in July as a result of the stronger-than-expected labor market.