Brent Oil Price |
US Refiner Acquisition Cost |
WTI Oil Price |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Lagged Difference t-stat | Drift t-stat | Trend t-stat | F-stat | Lagged Difference t-stat | Drift t-stat | Trend t-stat | F-stat | Lagged Difference t-stat | Drift t-stat | Trend t-stat | F-stat | |
| Model 1 | -3.25763 | - | - | 5.45305 | -3.33885 | - | - | 5.94527 | -3.24191 | - | - | 5.3753 |
| Model 2 | -3.25661 | 5.32774 | - | 5.44809 | -3.3377 | 5.59329 | - | 5.9386 | -3.24063 | 5.27428 | - | 5.3698 |
| Model 3 | -3.24401 | 3.54448 | 5.29181 | 3.62447 | -3.32511 | 3.71977 | 5.55656 | 3.94929 | -3.22657 | 3.50592 | 5.2355 | 3.56941 |
| Model 1: No Drift or trend Model 2: With drift Model 3: With drift and trend |
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