Ken Hasegawa, commodity sales manager at Tokyo's Newedge Japan said Brent could drop to $55 a barrel and US crude to $50 a barrel early next year.
US crude fell 53 cents to $56.59, after settling $1.86 higher in the previous session, hurt by industry data that showed a surprise build in domestic crude stocks.
Brent crude was down 9 cents at US $72.49 a barrel at 10:16 am. Earlier on Thursday, the fuel had touched its weakest since July 2010 at US $71.25 a barrel.
Geopolitical tensions could provide some support to oil prices, but conflicts in the ME, North Africa and Ukraine have so far had only limited impact on crude output.
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