Oil prices hit multiyear highs above $70 a barrel after OPEC and its allies forecast higher demand and boosted output—punctuating a global economic reawakening that has raised the prices of a broad range of commodities.

The move by a group of oil producers led by Saudi Arabia and Russia amounted to a continued unwinding of steep cuts they made at the start of the pandemic. Recent oil-price milestones come alongside similar ones hit by commodities from tin and copper to lumber. They…

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Oil prices hit multiyear highs above $70 a barrel after OPEC and its allies forecast higher demand and boosted output—punctuating a global economic reawakening that has raised the prices of a broad range of commodities.

The move by a group of oil producers led by Saudi Arabia and Russia amounted to a continued unwinding of steep cuts they made at the start of the pandemic. Recent oil-price milestones come alongside similar ones hit by commodities from tin and copper to lumber. They…

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A Belarusian activist stabbed himself in the neck during a court appearance in the capital, Minsk, a rights group and opposition media have reported.Footage appeared to show Stepan Latypov collapsing after using what looked like a pen as a weapon on Tuesday.Mr Latypov was taken to hospital and was reportedly in a satisfactory condition after surgery.He is accused of setting up opposition social media and also resisting police during his arrest last September. He has denied all…