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Sept. 4, 2012 / 6:58 PM

Crude oil finds support from ECB

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NEW YORK, Sept. 4 (UPI) -- Crude oil prices held under $96 a barrel Tuesday, although price support was provided by the likelihood of a European bond-buying program on the horizon.

European Central Bank President Mario Draghi said Monday he would go along with a program of buying three-year government bonds.

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The ECB is scheduled to make a monetary policy announcement Thursday.

On the New York Mercantile Exchange Tuesday, West Texas Intermediate crude oil for October delivery added 25 cents in late trading to $95.55 per barrel. Natural gas lost 0.3 cents to $2.851 per million British thermal units.

Home heating oil gained 0.63 cents to $3.1531 per gallon. Reformulated blendstock gasoline was unchanged at $2.9522 per gallon.

At the pump, the average price for a gallon of regular unleaded gasoline was $3.824 per gallon Tuesday, down from Monday's $3.827, AAA reported.

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