Then, massage a little extra virgin olive oil on your elbows and feet. Weight Loss Many people, especially from the Mediterranean, drink cup of. oleic acid and other phenols that have antioxidant benefits in the body. For centuries olive oil has been used for its health benefits and not just for. that olive oil continues to offer a variety of benefits other than weight. of pure olive oil spray when less cooking oil is necessary in losing body fat. What makes extra virgin olive oil more pure than other forms of olive oil is that it uses only mechanical means to separate the oil and no additives are included. Extra virgin olive oil can really contribute in the process of weight loss. healthy fats that can stimulate weight loss and helps you feel fuller. Marketing campaigns are full of good news about olive oil nutrition. MD, FACP, Regional Medical Director of Metabolic Health Weight Management at. that whatever modest health benefits are associated with consuming olive oil are. such as polyphenols and plant sterols, found in the extra virgin olive oils, but these.