Pat the roast beef dry with paper towels. This helps create a nice crust.
In a small bowl, mix together the salt, pepper, garlic powder, and onion powder. Rub the olive oil all over the roast, then generously coat it with the spice mixture.
Place the roast in a roasting pan.
Roast for 15 minutes at 425°F (220°C).
Reduce the oven temperature to 325°F (160°C) and continue roasting for about 15-20 minutes per pound, or until the internal temperature reaches 130°F (54°C) for medium-rare.
Remove the roast from the oven and let it rest, tented with foil, for at least 15-20 minutes before slicing. This allows the juices to redistribute, making the roast more tender and moist.
Slice the roast thinly against the grain.
Notes
Serve with your favorite gravy, mashed potatoes, and roasted vegetables for a complete meal.