2001 Honda Civic Car smoking

Well today I took the spark plugs out and they were all fine, and I also did a dry compression check and cylinder 1 had a psi reading around 160 and cylinders 2, 3, and 4 had a psi reading around 150. I drove the car around the block and it was still smoking but after I got out of the car the smoke smelled more like burning oil but I couldn't really tell what color it was since it was dark out, during my little drive around the block the car ran smooth its just this smoke that is my main problem. Also while the car was idling some water came out the exhaust also while I was driving but it was a very small amount.

Ok I was looking the car over and then I checked the oil level and found something that was not there before. I found that there is streaks in the oil on the dipstick I checked it like ten times and every time it was the same way. The picture I have attached will show you what I'm talking about ill circle what I found in the oil. And before that I started the car and let it idle for 10 minutes and during those ten minutes there was little amount of smoke from the exhaust but after the ten minutes it started to smoke way more than when I started it.

Its the picture above this reply, my first picture would not load for some reason.