While April platinum prices made a strong move higher during overnight trading, the market was unable to hold onto a large portion of those gains. There are some traders who have raised concern that soaring oil prices will drag on the global economy and restrain inflation fears. Other traders feel that the platinum market may be trying to balance a flight to quality focus as well as industrial metal influences as the market could see physical demand decline in the event that soaring oil prices manage to trip up economic growth. Japanese Industrial Output during January was up 2.4%, lower than forecasts and may project lower industrial platinum consumption during the near future.