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2nd Gen Ram Tech1994-2001 Rams: This section is for TECHNICAL discussions only, that involve the 1994 through 2001 Rams. For any non-tech discussions, please direct your attention to the "General discussion/NON-tech" sub sections.
Sounds like a wiring problem for sure. The oil pressure sender is located on the top of the engine right at the back behind the intake manifold, passenger side i think? But yeah, get it checked anyways.