ANSWER: No! Oil was customarily used in Bible times both medicinally and symbolically. Such is rarely, if ever, the custom today. Additionally, the anointing in this passage was to be accompanied by miraculous gifts that had been bestowed upon the elders through the laying on of the apostles’ hands. When the miraculous action commanded of the elders was followed, the miraculous result was sure and without doubt, i.e., “And the prayer of faith shall save the sick, and the Lord shall raise him up” (vs.15). That such is not the case today is evidenced by reality. If such were the case today, then it would also be the case that none in the church today would ever die. Since this is not the case, it can safely be concluded that the action of James 5:14 (including the anointing with oil) was to temporarily serve a special purpose for a special time, i.e., the miraculous age, which found fulfillment with the completion of the written, perfect Word of God (1 Corinthians 13:8-12).