Then what advantage has the Jew? Or what is the value of circumcision? Much in every way. To begin with, the Jews were entrusted with the oracles of God. (Romans 3:1-2)
Oracles are divine utterances, λόγιον logion. Paul is of course speaking about all Scripture, which was for him the Tanakh, the Law, Prophets and Writings, latterly called The Old Testament.
An oracle is prophesy, as seen in the Hebrew:
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The nations you will dispossess listen to those who practice sorcery or divination. But as for you, the Lord your God has not permitted you to do so. The Lord your God will raise up for you a prophet like me from among you, from your fellow Israelites. You must listen to him. For this is what you asked of the Lord your God at Horeb on the day of the assembly when you said, “Let us not hear the voice of the Lord our God nor see this great fire anymore, or we will die.”
The Lord said to me: “What they say is good. I will raise up for them a prophet like you from among their fellow Israelites, and I will put my words in his mouth. (Deuteronomy 18:14-18)
In the second reading of the Law brought down from Mount Sinai, or Horeb, Moses brings a message from Almighty God. In this capacity Moses is acting as a ‘spokesman’. The Hebrew word translated as prophet is נָבִיא nevi and it means just that, one who speaks on God’s behalf.
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God Breathed Words 