One of the best reasons to keep calendula oil handy is due to its healing abilities.If you apply this oil to your cuts, scrapes, bruises, insect bites, rashes or a skin condition you can quickly speed up the healing process, partially due to its anti-inflammatory properties, in addition to the unique antioxidant compounds found in this miraculous plant. By protecting against infections, it keeps wounds, scrapes and damaged skin safe, allowing them to heal rapidly.