Exxon Mobil (XOM -0.5%) CEO Rex Tillerson says the run-up in oil prices reflects perceived risk...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (XOM -0.5%) CEO Rex Tillerson says the run-up in oil prices reflects perceived risk in energy markets rather than supply shortages: "We have had no difficulty replacing Libyan crude." He also doesn't think the jump is hurting the U.S. economy just yet, but it's "getting close."