Fulham rescued a dramatic draw through a stunning stoppage-time strike from Harrison Reed.
Liverpool stood off in added time and paid the price for defensive hesitation.
Reed’s long-range effort flew past Alisson for only his fourth goal in six years.
Liverpool had led moments earlier after Cody Gakpo scored in stoppage time.
The result highlighted Liverpool’s growing inability to manage leads under Arne Slot.
Fulham had earlier taken the lead through Harry Wilson following clever play by Raúl Jiménez.
Florian Wirtz equalised after the break amid offside controversy.
Despite late pressure, Liverpool’s defensive inertia allowed Fulham another crucial late goal.
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