Crude oil all time high predictionsOil prices rebounded sharply after a day of decline, erasing earlier losses in just ten minutes following reports of a missile attack on a US base in Jordan by Iran. The geopolitical tension in the Middle East, particularly involving Iran’s claim of striking the Azraq base, appears to have reversed the downward trajectory of Brent and WTI crude oil prices. The incident has heightened concerns over potential disruptions in oil supply, affecting market outlooks. AdvertisementKey TakeawaysThe missile attack on a US base in Jordan appears to have swiftly reversed the decline in oil prices, highlighting geopolitical risk impact. The probability of crude oil reaching a new all-time high by September 30 remains low, at 4.8%, but has slightly increased for December 31, currently at 12.5%.