Wall Street Journal | Oil price surges on cuts deal, as Italian bank rescue drags on – business live The Guardian European government bonds are taking a bath this morning, amid fears that the deal to curb oil production will drive inflation higher. Prices are falling across the board, which pushes up the yield (or interest rate) on sovereign debt. Britain's 10 ... Oil Climbs as More Producers Join Output Cuts Oil prices leap after Russia and others agree to output cuts Oil hits highest since mid-2015 as OPEC and rivals agree historic deal |