While the price of oil went up 10 percent recently (its biggest rally in 6 years) the situation continues to be critical for Latin America.

An Oil and Gas summit in Colombia this week brought up the discussion on ways the country can remain competitive and optimistic in the midst of a crisis.

CCTV’s Michelle Begue filed this report from Bogota.
Follow Michelle Begue on Twitter @mbegue

Colombia attempts to stay afloat amongst plunging oil prices

While the price of oil went up 10 percent recently (its biggest rally in 6 years) the situation continues to be critical for Latin America.