Benefits of Vitamin E Oil for Skin Vitamin E oil is extremely versatile. Vitamin E oil promotes healing and is an active ingredient in many products available for skin and nails. Vitamin E Oil will help reduce the signs of aging, by reducing wrinkles and preventing further ones from developing. Vitamin E oil, helps reduce brown spots as well as scars. Vitamin E oil provides the skin with necessary moisture as well as antioxidants for intense healing.