Fernando Torres and Benayoun both scored twice and captain Cesc Fabregas warned his team-mates they can forget winning the Champions League if they defend in a similar manner when visiting Manchester United for next week's Champions League semi-final, first leg.
"From the supporters' point of view, it was an amazing game," said the Spaniard. "You give a lot, because it is all the time going forward and back especially in the second half.
"I think it was a good game of football. We have seen the best things we can do but there are a lot of things we can improve on.
"We played in front of great players and great fans and the team has to be proud of what we achieved. But still we go home with the feeling we should have done more.
"We gave the goals away too easily and after all we did to create four opportunities to score four goals — it is difficult to take.
"From an attacking point of view I think we played one of the best games of the season. Defensively we need to improve a lot if we want to be in the Champions League Final.
"It is the most difficult thing because when you attack you have the creativity to do what you feel. If defensively you are not well positioned, you will concede goals. We still need to do a lot of work on it."
Liverpool manager Rafael Benitez conceded the draw puts Manchester United, who face Portsmouth tonight, in the "driving seat" in the race for the Premier League title.
Benitez said: "If they win it will be more difficult but they have to play against Arsenal so we will see.
"We have a point against a good team and we are top. We have to keep pushing until the last game. "The positive thing is we have scored four goals against Arsenal and the team was fighting hard. This has to be the way until the end of the season."
