I'm glad you found the oil problem. That could certainly cause both fouled plugs but also a very lean air/fuel mix.
But I don't know what "port" you are asking about. You don't have what engine you have in a signature, so I can't tell. But the 460's and M-blocks have an oil pressure port back there, and there is usually an oil pressure sender on it. But there wouldn't be a "line vented to the atmosphere" or you'd have a huge mess.
Gary, AKA "Gary fellow":
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Dad's: '81 F150 Ranger XLT 4x4: Down for restomod: Full-roller "stroked 351M" w/Trick Flow heads & intake, EEC-V SEFI/E4OD/3.50 gears w/Kevlar clutches
Blue: 2015 F150 Platinum 4x4 SuperCrew wearing Blue Jeans & sporting a 3.5L EB & Max Tow
Big Blue: 1985 F250HD 4x4: 460/ZF5/3.55's, D60 w/Ox locker & 10.25 Sterling/Trutrac, Blue Top & Borgeson, & EEC-V MAF/SEFI