Oil fell from its highest in more than two weeks in New York before a government vote in Slovakia on the euro area’s bailout fund that may endanger a recovery in the region’s economy.

Futures slipped as much as 1.3 percent and European equities fell after European Central Bank President Jean-Claude Trichet said the region’s debt crisis has “reached a systemic dimension.” Crude climbed 2.9 percent yesterday after German Chancellor Angela Merkel and French President Nicholas Sarkozy said they will deliver a plan to recapitalize the region’s banks by Nov. 3. An Energy Department report Oct. 13 may show U.S. crude supplies rose last week.

“Oil is on the weaker side on somewhat weaker equities,” said Eugen Weinberg, the Frankfurt-based head of commodities research at Commerzbank AG. “There is probably also some profit-taking after strong gains yesterday, when comments from Sarkozy and Merkel showed light at the end of the tunnel for the euro zone.”

Crude for November delivery on the New York Mercantile Exchange fell as much as $1.14 to $84.27 a barrel and was at $84.94 at 11:10 a.m. London time. The contract yesterday gained 2.9 percent to $85.41, the highest close since Sept. 21. Prices are down 7.1 percent this year.

Brent oil for November settlement declined 0.6 percent to $108.29 on the London-based ICE Futures Europe exchange. The European benchmark contract was at a premium of $23.35 to New York crude, compared with a record of $26.87 on Sept. 6.