by 
The Curious Bag
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Several types of vegetables oils exist. Each has their own mix of vitamins and fatty acids. This unique mix is what may or may not influence cholesterol levels.
Types of Fats
Monounsaturated and polyunsaturated fats may lower blood cholesterol, when part of a low-fat diet.
Monounsaturated Fat
You'll find monounsaturated fat in olive oil, peanut oil, avocado oil and canola oil. This type of oil also raises high-density lipoprotein (HDL) levels, a type of cholesterol that removes low-density lipoprotein (LDL) (bad cholesterol) from the body.
Polyunsaturated Fats
Safflower, cottonseed, sunflower and corn oils are packed with polyunsaturated fats that lower total blood cholesterol levels.
Replacement Fats
Fats from animal sources like butter and lard can increase cholesterol levels. If you substitute those fats with vegetable oil, this can lower cholesterol levels.
Considerations
Hydrogenated vegetable oils (margarine and shortening) actually raise blood cholesterol levels. Look for hydrogenated or partially hydrogenated fats on food labels.
Misconceptions
Although it is a fat, all vegetable oils are cholesterol free.
Source
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