NEW YORK, July 29 (Reuters) - Oil prices climbed 7% on Wednesday as airstrikes resumed in the Middle East, adding to worries about dwindling supply as U.S. government data showed crude inventories fell to a multi-year low.

Brent futures were up $6.16, or 7.33%, at $90.25 a barrel by 11:36 a.m. ET (1536 GMT). U.S. West Texas Intermediate crude gained $5.40, or 6.81%, to $84.65 a barrel.

Gold prices eased on Wednesday as a stronger U.S. dollar and elevated Treasury yields weighed on prices, with investors awaiting the Federal Reserve’s interest-rate decision and comments from Chair Kevin Warsh later in the day for signals on the future path of monetary policy.

The U.S. dollar strengthened on Wednesday, holding near a one-month high as investors awaited the Federal Reserve’s interest-rate decision, with some analysts expecting policymakers to deliver a surprise rate hike.

The Dollar Index hovered around 101.20, down 0.06%, holding close to its highest level in four weeks as currency desks braced for the conclusion of the Fed’s two-day monetary policy meeting later in the day.

 Bitcoin moved slightly higher on Wednesday, hovering above $64,000 levels as investors refrained from making large bets ahead of the U.S. Federal Reserve’s policy decision, while the cryptocurrency showed resilience despite renewed selling in AI-linked technology stocks.