Eczema on its own is characterized by dry, red, and flaky patches of skin, and it does not generally ooze liquid. However, small blisters may sometimes form on the eczema-affected skin, which may then ooze liquid, also called weeping. This oozing liquid often signifies that the skin has become infected and, as such, is not a typical sign of eczema. If you notice that your eczema is oozing, it is important to see a doctor to discuss treatment options.