Prepare for $80 oil this summer as 'wounded bulls' rise: RBC

2:20 PM ET Fri, 12 April 2019

Helima Croft of RBC Capital Markets joins CNBC's "The Exchange" team to break down how crude oil is trading. Chevron plans to acquire Anadarko Petroleum in a cash and stock deal the company valued at $33 billion. The transaction values Anadarko at $65 per share, a 37% premium to Thursday's closing price. Chevron's deal represents the 11th biggest ever for an energy and power company, according to Refinitiv.