Brent crude gave up most of its early gains and steadied above $58.50 a barrel on Tuesday, supported by data showing annual consumer inflation in top energy consumer China recovered last month while a firmer dollar kept a lid on prices. China, which is battling growing deflationary pressures, saw consumer inflation rise 1.4 percent in February, beating the 0.9 percent gain estimated by analysts. “The consumer price index figure is mildly positive” for oil prices, said Ric Spooner, chief market analyst at Sydney’s CMC Markets.