Exxon Mobil (XOM.US) executives warn: The market has not fully reflected the impact of the closure of the Strait of Hormuz, oil prices still have room to rise.

According to the Zhitong Finance and Economics APP, executives of ExxonMobil (XOM.US) recently warned investors that the global oil market has not fully reflected all the impacts of the closure of the Strait of Hormuz, and implied that as commercial inventories reach their lowest operating levels, oil prices may further rise.