To consecrate the oil, a Melchizedek Priesthood holder:
1. Holds an open container of olive oil.
2. Addresses Heavenly Father as in prayer.
3. States that he is acting by the authority of the Melchizedek Priesthood.
4. Consecrates the oil (not the container) and sets it apart for anointing and blessing the sick and afflicted.
5. Closes in the name of Jesus Christ.