Knocking from engine after low oil

what9612

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i have a 2000 mustang gt 4.6 2v with a kenne bell supercharger that usually makes around 11lbs of boost, then yesterday it was only making 5. so i took it to my parents to check it out and on the way it started knocking. checked the oil and NOTHING showed up on the dipstick, so i drained the oil and put new oil in, noise is still there. i don't really have any money to throw into the car now, but curious to what the problem is or could be.
 
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