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From moisturising your skin to helping you fight the appearance of aging, experts highlight some of the biggest beauty benefits of olive oil. Olive oil contains a good amount of Vitamin E, antioxidant that protects the skin from various external factors. Olive oil, in combination with a few other ingredients, can work wonders to keep your hair healthy. The oil is rich in vitamin e that helps fight hair loss. Just rub a few drops of olive oil on flyaway ends after styling for an extra-glossy finish.