Brent crude fell towards $58 a barrel on Tuesday as the dollar scaled multi-year highs, but data showing a recovery in China’s annual consumer inflation checked losses. The greenback hit an eight-year high versus the yen and scaled a near 12-year peak against the euro, dragging on commodities priced in the dollar by making them expensive for holders of other currencies. rent LCOc1 fell 52 cents to $58.01 by 0817 GMT (4:17 a.m. EDT) , while U.S. crude CLc1 dropped 34 cents to $49.66. Both benchmarks had risen earlier in the day to $58.72 and $50.36, respectively, underpinned by China data.