INFOGRAPHIC: Crude Awakening

A recent rebound above $50 has left some analysts optimistic that prices have bottomed out. However, oil’s plummet is impacting Asian countries in different ways.

Oil lost half of its value in seven months but there are recent signs that prices have bottomed out.

After hitting $100 a barrel in July, US crude oil has been on a downward spiral, sinking to below $44 a barrel in late January, the first time it hit that mark since April 2009.

Many economists remain pessimistic about prices this year, due to a combination of factors, such as weak economic activity coupled with a switch away from oil to other fuels.

The unwillingness by the Saudis and other Gulf countries to cut off production and sacrifice their own market share to restore...

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