In that case, I'm willing to bet it's leaking from the valve cover.
Oil is a funny thing, the way it leaks sometimes. It might not look like a drip, but more like a wet area. I'd blast the whole area with carb cleaner, wipe it all nice and dry. The keep an eye on it.
And as somebody else said - if you're getting air escaping past the spark plug, you might want to try new plugs - or tighten them a bit.
As for the soot, I'd clean that up too and keep an eye on it. If it builds back up, I'd back off on the gas mixture, lean it up a bit. (I'd double check the situation by yanking the plugs and looking at them. Are they black? - if so you're definitely running too rich)
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