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Step 1
Preheat oven to 375 degrees F. Coat a roasting pan and roasting rack with cooking spray. Place roast fat-side up on rack in the roasting pan.
Step 2
In a small bowl, combine butter, thyme, rosemary, onion powder, garlic, salt, and pepper; mix well. Rub mixture evenly over the beef.
Step 3
Roast beef 30 minutes, then reduce heat to 300 degrees. and continue to cook 1-1/2 to 2 hours for medium rare (135 degrees F) or until desired doneness. Remove beef to a cutting board and let rest 15 to 20 minutes. (This will help the beef retain its juices once it’s cut.)
Step 4
Meanwhile, on the stovetop over medium heat, add beef broth to roasting pan (make sure the pan is stovetop safe) and deglaze it by whisking the pan drippings for 2 to 3 minutes. Carve the roast across the grain into 1/2-inch to 1-inch slices. Spoon pan drippings over beef and serve immediately.