The US has condemned the coordinated bomb attacks in Baghdad today that have killed at least 121 people.

Iraq’s foreign minister today warned that a quick American military withdrawal from the country could lead to civil war and the collapse of the government, as pressure on the Bush administration for a pull-out grows.

US CRUDE oil futures ended more than a dollar higher yesterday as analysts warned the death of Iraq’s al-Qaida leader Musab al-Zarqawi on Thursday would not end threats to Iraq’s battered oil industry.