Oil demand hits highest ever, but price spike expected - Dec. 10, 2010

NEW YORK (CNNMoney.com) -- Worldwide oil demand hit its highest level ever on the back of explosive growth in the developing world, according to preliminary figures in a recent report.
But the world's thirst for the hot commodity is unlikely to lead to the price spike witnessed in 2008 -- largely due to oil field investments made during the last bubble, analysts say.