Crude Oil Prices: HOU.BE is heavily influenced by the price of West Texas Intermediate (WTI) crude oil. A rise in WTI generally pushes HOU.BE higher, while a decline causes it to fall.

Natural Gas Prices: Being an energy stock, changes in natural gas prices also affect HOU.BE, although to a lesser extent compared to crude oil.

Canadian Dollar Value: As HOU.BE represents Canadian oil and gas companies, the CAD/USD exchange rate impacts its value. A stronger CAD relative to USD can positively influence HOU.BE.

Interest Rates: Rising interest rates can negatively impact the value of HOU.BE, as they increase borrowing costs for energy companies and can dampen economic growth.

Geopolitical Events: Global events, like wars or political instability in oil-producing regions, can cause volatility in oil prices and subsequently affect HOU.BE.

Company-Specific News: Performance of companies within HOU.BE, such as earnings reports or production updates, can cause price swings.

Market Sentiment: Overall investor confidence or pessimism in the energy sector can drive demand and price fluctuations for HOU.BE.

Inflation: Higher inflation can indirectly impact HOU.BE if it leads to increased energy demand and higher prices.

Government Policies: Government regulations on oil and gas production, environmental policies, and energy subsidies can all influence HOU.BE.

Economic Growth: Strong economic growth typically increases energy demand, potentially boosting oil and gas prices and, consequently, HOU.BE.