When you say "1/4 inch ring of what looks like burned oil at the base of the plastic sleeve above the metal part of the plug." Are you talking about the white ceramic portion of the plug (see pic below?)
Make sure ur spark plugs are tightened in properly. Does the oil on the ceramic appear on every plug or just a few?
Make sure ur spark plug TUBES are also tightened correctly (you can do this with a pipe wrench). Also make sure your valve cover is torqued on properly.
When was the last the timing belt was changed?