Gasoline prices on NYMEX closed last week at $2.2465 up by0.03 percent.

Prices traded higher in spite of oil prices declining.

Inventories of gasoline declined more than market estimates last week.

OUTLOOK:

With no major economic indicators scheduled for the day oil prices may focus on the continuing crisis in Greece.

While the view on the European situation remains down prices may trade lower until further news or developments come out.

Courtesy: Karvy Commtrade Ltd.

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