Computational fluid dynamics (CFD) analysis was performed in order to compare the solutions of oscillating wings with Prandtl’s lifting-line theory. Quasi-steady and steady-periodic simulations were completed using the CFD software Star-CCM+. The simulations were performed for a number of frequencies in a pure plunging setup. Additional simulations were then completed using a setup of combined pitching and plunging at multiple frequencies. Results from the CFD simulations were compared to the quasi-steady lifting-line solution in the form of the axial-force, normal-force, power, and thrust coefficients, as well as the efficiency obtained for each simulation. The mean values were evaluated for each simulation and compared to the quasi-steady lifting-line solution. It was found that as the frequency of oscillation increased, the quasi-steady lifting-line solution was decreasingly accurate in predicting solutions.