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.

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 edged up in volatile trade on Monday but closed at a one-month low on the expiration of a higher-priced contract, as the market digested US President Donald Trump’s planned imposition of tariffs on Canada,