Thermal Brillouin scattering techniques have been used to determine the velocities of hypersonic (0.2 to 3 GHz) waves in saturated liquid oxygen at temperatures from the normal boiling point (90.19 K) to the critical point (154.58 K). The results are in excellent agreement with corresponding ultrasonic (1.2 MHz, 10 MHz) velocities obtained from the literature, except for temperatures above about 148 K. In this region the hypersonic velocities are lower in magnitude than the ultrasonic velocities, the discrepancy being 4% at 150 K and increasing to 13% at 153.9 K. Since these discrepancies are substantially greater than the estimated experimental errors (±0.5% for the hypersonic velocities, ±0.05% for the ultrasonic velocities) it is concluded that saturated liquid oxygen exhibits a significant negative dispersion in the sound velocity at temperatures immediately below the critical point.