The US crude benchmark outpaced gains in other oil markets after President Donald Trump announced tariffs that threaten flows from two of America’s biggest foreign suppliers.

Oil prices advanced on Monday on the back of U.S. tariffs imposed on imports from Canada, Mexico and China, while metal and agricultural commodities have come under pressure. Trump's move has sparked volatility across the commodities market.

Oil prices jumped on Monday after U.S. President Donald Trump imposed tariffs on Canada, Mexico and China, raising fears of crude supply disruption from the two biggest suppliers to the U.S., but the prospect of lower fuel demand capped gains.