Preheat oven to 350°F. In a small bowl, combine olive oil, garlic powder, onion powder, oregano, basil, thyme, salt and pepper; mix until combined.
Place beef roast in a roasting pan and rub with the seasoning mixture. Place in preheated oven and roast for 1 1/2 - 2 hours or until desired doneness is reached.
Remove from oven and let rest 10 minutes before slicing.