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Mix the warm water and yeast in a small bowl to blend.
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Let stand until the yeast dissolves, about 5 minutes.
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Mix the flour and salt in a food processor to blend.
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Add in the oil.
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With the machine running, add the yeast mixture and blend just until the dough forms.
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Turn the dough out onto lightly floured surface and knead until smooth, about 1 minute.
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Transfer the dough to a large oiled bowl and turn the dough to coat with the oil.
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Cover the bowl with plastic wrap and set aside in a warm draft-free area until the dough doubles in volume, about 1 hour. Punch the down dough and form into a ball.
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The dough can be used immediately or stored airtight in the refrigerator for 1 day.