Yeah but you said comp was 60 and that means their is a leak somewhere. You put oil in cylinder then it jumper to 120. That is an indication of the rings but, best bet would be to get a compression tester with the removable hose and take out the valve stem core, screw it into the spark plug hole and hook a air compressor to it and find the leak. You will need someone to help so they can put a socket on the crank pulley and rotate it slightly to close all valves other wise under heavy air pressure it will rotate a little and flow out the exhaust or intake.

Advise.... Hook the air up before you put the ratchet on the crank pulley.