US oil prices climb again after Thursday's big jump
The gains ease some concerns about the economic impact of falling oil prices on oil-producing regions and the economy at large.
The price of U.S. crude has been trading at six-year lows because of a global supply glut and worries about the health of China's economy.
Some of acquisitions are already happening, and he feels that after more deals are struck, production will go down further and companies will also be able to make money with lower oil prices.