Crypto Markets Today: Fir Tree Suit Against Grayscale Adds to Industry’s Growing Woes

West Texas Intermediate crude oil futures, which try to anticipate the price of the energy benchmark and reflect market trends, dropped 3.3% to $74 a barrel. “Energy traders are not confidently buying dips, but they will if the current sell-off sends prices close to the levels the Biden Administration might refill the [Strategic Petroleum Reserve], which is in the $70 region,” Edward Moya, senior market analyst of the Americas at foreign exchange market maker Oanda, wrote in a Tuesday note.