I agree with Dan -- could be a broken timing belt. But, if so, then no spark. And if no spark, then no fuel.
Another possible reason for fast cranking is low compression, which can result from excess fuel washing down the cylinder walls. No oil means no seal, which means blow-by -- no compression pressure.
And a possible cause for that could be a failed fuel pressure regulator, which would allow excess fuel into the cylinders.
Is the oil overfull? Does it small like gasoline? Are the plugs fuel soaked?
Pull the fuel pump fuses and crank again; see if it tries to start (on the residual fuel). If you think this is the problem, then replace the fpr.
Pull the plugs and squirt 6-12 squirts of oil into the cylinders to restore the seal and compression.
When it starts, expect clouds of (harmless) oil smoke for five minutes.
Be sure to change the gasoline diluted oil.
--
Don Foster (near Cape Cod, MA)
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