The price of oil on the World Trade Exchange fell as a correction overnight after growing by 3.5%.
Brent futures for February delivery fell by 0.28% to $ 75.23 a barrel.
Meanwhile, WTI January futures fell by 0.33% to $ 71.81 a barrel.
Analysts at the Wall Street Journal believe that the oil may receive some short-term positive support due to increased demand.
"Oil imports to China reached a three-month high in November due to the allocation of new quotas to refineries," the publication said.
The American Petroleum Institute (API) said the US oil reserves fell by 3.09 million barrels last week.
