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 | -2.51296 | - | - | 4.91543 | -2.55032 | - | - | 5.48027 | -2.52547 | - | - | 4.79708 |
| Model 2 | -2.51605 | 3.24847 | - | 4.91385 | -2.55377 | 3.34387 | - | 5.47797 | -2.52844 | 3.27805 | - | 4.7958 |
| Model 3 | -2.59441 | 2.35567 | 3.4504 | 3.8253 | -2.63796 | 2.42941 | 3.56122 | 4.25574 | -2.5988 | 2.36148 | 3.46079 | 3.72622 |
| Model 1: No Drift or trend Model 2: With drift Model 3: With drift and trend |
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