Overall Reg CF Market vs. WTI Oil Price

Monthly raise volume (% change vs. 3-month prior baseline) and WTI crude ($/bbl) · Jan 2020 – Dec 2024

Raises above baseline

Raises below baseline

WTI crude (right axis)

Conflict event

Sources: Kingscrowd / SEC EDGAR (Reg CF Form C filings) · U.S. EIA via FRED (DCOILWTICO)