Vine's Expository Dictionary of NT Words
"olive oil," is mentioned over 200 times in the Bible. Different kinds were known in Palestine. The "pure," RV (AV, "beaten"), mentioned in Exodus 27:20; 29:40; Leviticus 24:2; Numbers 28:5 (now known as virgin oil), extracted by pressure, without heat, is called "golden" in Zechariah 4:12 . There were also inferior kinds. In the NT the uses mentioned were (a) for lamps, in which the "oil" is a symbol of the Holy Spirit, Matthew 25:3,4,8; (b) as a medicinal agent, for healing, Luke 10:34; (c) for anointing at feasts, Luke 7:46; (d) on festive occasions, Hebrews 1:9 , where the reference is probably to the consecration of kings; (e) as an accompaniment of miraculous power, Mark 6:13 , or of the prayer of faith, James 5:14 . For its general use in commerce, see Luke 16:6; Revelation 6:6; 18:13 .
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Vines, W. E., M. A. Entry for 'Oil'. Vine's Expository Dictionary of NT Words. https://www.studylight.org/dictionaries/eng/ved/o/oil.html. 1940.