This study evaluates the effectiveness of various rejuvenating oils, including soybean oil (N-oil), waste frying oil (F-oil), byproduct oil (W-oil), and aromatic hydrocarbon oil (A-oil), in restoring aged asphalt coatings by reducing asphaltene flocculation and improving colloidal stability. The rejuvenators were incorporated into aged asphalt binder via direct mixing at controlled dosages. Their effects were assessed using microscopy, droplet diffusion analysis, rheological testing (DSR and BBR), and molecular dynamics simulations. The aim is to compare the compatibility, solubility behavior, and rejuvenation potential of plant-based and mineral-based oils. The results indicate that N-oil and F-oil promote asphaltene aggregation, which supports structural rebuilding. In contrast, A-oil and W-oil act as solvents that disperse asphaltenes. Among the tested oils, N-oil exhibited the best overall performance in enhancing flowability, low-temperature flexibility, and chemical compatibility. This study presents a novel method to evaluate rejuvenator effectiveness by quantifying colloidal stability through grayscale analysis of droplet diffusion patterns. This integrated approach offers both mechanistic insights and practical guidance for selecting bio-based rejuvenators in asphalt recycling.