Combine the water and yeast and set aside to foam.
In a large mixing bowl, blend the flour and salt.
Pour the oil into the flour and then the yeast mixture.
Mix with a wooden spoon until the dough forms, then continue by kneading with your hands for about 5 minutes.
Form the dough into a ball and coat the ball with a small amount of oil. Cover the bowl with a towel and allow to sit in a warm (not hot) environment to rise for 1 hour.
Punch down the dough, and place it in an oiled or non-stick bread pan, forming it into the pan.
Cover with a towel and allow to rise for 1 more hour.
Preheat oven to 350 degrees F.
Score the top of the dough if desired. Bake for approximately 30 minutes or until a knife inserted in the middle of the loaf pulls out clean.
Allow to cool, slice, and serve.
Notes
Please note that the nutrition data given here is a ballpark figure. Exact data is not possible. Please divide data by number of slices you cut from loaf.