Avocado oil is oil pressed from the avocado fruit. Its mild taste and high smoke point make it a popular cooking oil, but you can also consume it raw. Avocado oil is very similar to olive oil in terms of utility and nutritional value. Like extra virgin olive oil, cold-pressed avocado oil is unrefined and retains some of the flavor and color of the fruit, leaving it greenish in color. Avocado oil is a heart-healthy oil, high in oleic acid, which is an unsaturated fat. It contains vitamin E and also helps the body absorb other fat-soluble vitamins.