WTI crude oil rose above $71 a barrel, up 0.79% intraday.

Around 07:30 Tokyo time on the 25th, a magnitude-6.9 earthquake struck offshore Iwate Prefecture; the Japan Meteorological Agency reported a maximum seismic intensity of JMA 6-upper. Strong shaking was felt in Tokyo.

The low-cost airline model that reshaped US air travel over decades is facing growing headwinds, the GAO said Thursday. While industry consolidation did not ultimately reduce overall competition, many of the advantages that let low-cost and ultra-low-cost carriers disrupt the market are eroding as legacy carriers lean on premium cabins, high-margin loyalty programs and co-branded credit cards, forcing low-cost carriers to reassess ultra-low-fare business models.