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When the oil light is on, it means you have low oil pressure. This can be caused by low oil level. When you first start the car, the oil light will come on momentarily, then turn off to signify that proper oil pressure has been reached. An engine knocking usually indicates that the engine is about to stall.

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Q: Why does your 1994 Chrysler Lhs oil light on and the engine is knocking?
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