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One man (or more) who holds the Melchizedek Priesthood consecrates pure olive oil for its holy purpose of anointing the sick or afflicted. Note this ordinance can be done by just one man. Remove the cap or lid from the container so you are consecrating the oil, not the container. The one who consecrates the oil does the following:
Below is a 3 x 5 card you can print on heavy paper or card stock and cut out to take with you as a reference. The steps listed on the card are word for word from the Church’s website.