In a large bowl (or the stand mixer bowl), mix water, yeast, salt, sugar and oil. Add flour and mix well (do not knead) with your hands, wooden spoon, or stand mixer. The dough will be very soft but will firm up after rising.
Cover with plastic wrap and let rise for 2 hours in a warm place, away from draughts.
Divide the dough in half, dust with flour and shape into 2 round loaves, seal-side down.
Place them on a greased baking sheet. Cover with plastic wrap and let them rise for 45 minutes.
Preheat oven at 180°C/350°F. Dust the loaves with flour. Use a sharp knife to cut 1/2-inch-deep slits across the top of the loaf in the shape of a cross. Bake for 30 minutes or until golden. Let it cool completely and slice.
