Mano Menezes' team were heavy favourites going into the final of the tournament against Mexico at Wembley but Oribe Peralta's double sent the underdogs on their way to a 2-1 victory.
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Oscar failed to hit the target with a close-range header but also felt that Brazil had enough chances to level the score after Peralta's opener.
"It was a big chance at the end," Oscar told reporters. "It was not just the header, we had several other chances when the score was 1-0.
"I feel huge disappointment. I am very proud to have reached the final but we are so sad to not have achieved winning the gold medal."