Nailing the oil pressure and fuel level gauges is an open sender wire.
If you ground the sender wire it'll go to the bottom of the gauge.
Nailed fuel gauge.
I assume she's running so the ground is good... the TBI fuel pump shares the sender ground.
Check the sender wire isn't damaged or unplugged.
Check the sender wire back to the bulkhead plug is in one piece.
Check the cluster plug connection and the plastic printed circuit is making contact.
Check that the spring loaded clips are making contact with the printed circuit and the gauge stud in the cluster bucket.
Oil pressure gauge sender will be down the Left side of the block above the oil filter. Likely the single TAN wire is damaged or unplugged from the sender tang.
See this post.
http://forum.73-87chevytrucks.com/smforugood m/index.php?topic=34110.msg290846#msg290846 Both the oil pressure switch and the oil pressure sender is referenced in that post.