Crude oil all time high predictionsOil prices have declined, with Brent crude under $79 per barrel, according to a report from @FirstSquawk. This drop in oil prices extends a multi-session decline, influenced by easing concerns over potential supply disruptions in the Strait of Hormuz. AdvertisementKey TakeawaysBrent crude’s price drop below $79 appears consistent with decreased demand and potential oversupply concerns. Market pricing suggests a reduced probability of crude oil reaching a new all-time high by September 30. Any significant geopolitical developments in the Middle East, particularly related to U.S.-Iran relations, may also impact oil prices further.