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 | -2.54438 | - | - | 7.75618 | -2.58789 | - | - | 7.50706 | -2.54999 | - | - | 7.81063 |
| Model 2 | -2.54984 | 3.32351 | - | 7.77164 | -2.5938 | 3.43684 | - | 7.52448 | -2.5554 | 3.33693 | - | 7.82579 |
| Model 3 | -2.64346 | 2.41901 | 3.55594 | 5.38104 | -2.69583 | 2.51044 | 3.69281 | 5.23281 | -2.64365 | 2.41845 | 3.55589 | 5.40736 |
| Model 1: No Drift or trend Model 2: With drift Model 3: With drift and trend |
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