Oil Prices: NRGI.NEO's value is heavily tied to crude oil prices; when oil prices rise, the ETF's price typically increases, and vice versa.

Energy Sector Performance: The overall health and performance of the energy sector influence NRGI.NEO's price; positive sector sentiment generally leads to higher ETF value.

Canadian Dollar Strength: As a Canadian-listed ETF, the CAD/USD exchange rate can impact returns for non-Canadian investors; a stronger CAD boosts returns, while a weaker CAD reduces them.

Interest Rates: Changes in interest rates can affect the valuations of energy companies held within NRGI.NEO, indirectly impacting the ETF's price.

Geopolitical Events: Global events, such as political instability or conflicts in oil-producing regions, can significantly influence oil prices and, consequently, NRGI.NEO's price.

Supply and Demand: The dynamics of global oil supply and demand play a crucial role; supply disruptions or increased demand can lead to higher oil prices and a corresponding rise in NRGI.NEO's value.

Inflation: Rising inflation can drive up commodity prices, including oil, potentially leading to an increase in the value of NRGI.NEO.

Economic Growth: Global economic expansion often leads to increased energy consumption, boosting oil demand and potentially increasing NRGI.NEO's price.