Top 10 reasons why 2011 isn't 2008 for oil markets

Oil prices are heading toward $100 a barrel again, just over three years after they first touched triple digits on the first trading day of 2008.

Analysts are not expecting a replay of 2008, however, when prices roared to a record high over $147 a barrel before crashing down below $33 at the end of the year.

Here is a factbox on major differences between the current oil market situation and three years ago.

Image: An oil well is seen at dawn near Dacono, Colorado

Text & Images courtesy: Reuters