Fund Performance: Historical returns influence investor demand and the fund's net asset value NAV. Higher past performance often attracts more investment, driving up the price.

Market Conditions: Broad market trends, economic indicators like interest rates and inflation, and geopolitical events all impact the underlying assets and therefore the fund's value.

Sector Specifics: Performance of the energy sector directly affects the fund since it focuses on energy-related companies. Positive energy sector performance typically leads to increased fund value.

Fund Management: The expertise and strategic decisions of the fund manager play a crucial role in stock selection and overall fund performance.

Expense Ratio: Higher expense ratios can reduce returns, potentially making the fund less attractive and affecting its price.

Investor Sentiment: Overall investor mood and risk appetite impact demand for the fund, influencing buying and selling pressure and thus its price.

Currency Fluctuations: Exchange rate changes between the fund's currency (likely EUR) and currencies of underlying assets impact the fund's value.

Regulatory Changes: New regulations or policy shifts related to the energy sector can impact companies within the fund and its overall performance.

Supply and Demand: Basic economic principles apply; greater demand than supply drives the price up, while the opposite brings it down.