With updated data pointing to a production dip and thus exacerbating supply fears, natural gas futures were rallying to challenge the $6.00 threshold in early trading Tuesday. The May Nymex contract was up 26.7 cents to $5.979/MMBtu at around 8:45 a.m. ET.

NGI Morning Natural Gas Price & Markets Coverage

Further adding to perceived bullishness in energy markets early Tuesday, May West Texas Intermediate crude oil futures were up $1.27 to $104.55/bbl at around 8:45 a.m. ET.

The early gains for natural gas futures coincided with updated pipeline flow data showing a notable drop-off in domestic production, according to EBW Analytics Group senior analyst Eli Rubin.

“Dry gas production pushed notably higher over the past three weeks, but pipeline flow monitors are oscillating wildly in estimations for early April flows,”...