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 | -2.87627 | - | - | 4.3843 | -2.9373 | - | - | 4.9925 | -2.88786 | - | - | 4.28349 |
| Model 2 | -2.87789 | 4.19337 | - | 4.38721 | -2.93893 | 4.36802 | - | 4.99346 | -2.88921 | 4.22352 | - | 4.28604 |
| Model 3 | -2.87272 | 2.80182 | 4.15064 | 3.29166 | -2.93339 | 2.916 | 4.32478 | 3.74358 | -2.88023 | 2.8142 | 4.17169 | 3.21019 |
| Model 1: No Drift or trend Model 2: With drift Model 3: With drift and trend |
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