Awwal 07, 1432, April 11, 2011, SPA -- Oil produced by the Organization of the Petroleum Exporting Countries (OPEC) leaped above $120 at the end of last week, striking above that level for first time since August 2008, the group said Monday. The Group's basket price jumped $2.36 and reached $120.01 per barrel (159 liters) on Friday, DPA reported.