Oil prices fell today over the European Central Bank’s liquidity measures in favour of recapitalising banks.

US crude slipped by 10¢ to stand at $82.49 a barrel and Brent fell by 26¢ to $105.47, reports Reuters.

Investors are awaiting the release of US non-farm payroll data for September and hoping for a positive economic outlook for the world’s top oil consumer.

The head of Exxon Mobil Corp said that the increase of output from Libya and other oil-producing regions is weighing on crude and broader economic weakness.