Tim Bowers made a pair of free throws with just seven seconds remaining to lift Hapoel Migdal Jerusalem to a 74-73 triumph at EclipseJet MyGuide Amsterdam.
The result has left both teams with 2-2 records in EuroChallenge Group E.
Hapoel Migdal Jerusalem are experiencing a peculiar season so far in the EuroChallenge.
The Israeli team finished the first leg with two surprising home losses against one impressive road win.
EWE Baskets Oldenburg are making their bow in European basketball this season but they are playing like experienced campaigners.
The German outfit, which had to win a couple of qualifying-round ties to reach the Regular Season, claimed an 88-81 triumph at Hapoel Jerusalem on Tuesday to improve to 2-1 in Group E.
Hapoel Jerusalem won impressively away from home at Olympia Athienits in the EuroChallenge on Wednesday.
Travis Watson had 15 points and nine rebounds while five other Hapoel players reached double digits in scoring in a 71-54 victory in Greece.
Hapoel Migdal Jerusalem
, 91074 Jerusalem, ISR
Tel: + 972 (2) 643 13 31
Fax: + 972 (2) 643 77 02
Hillel 37, 94101 Jerusalem, ISR
+972 (2) 624 14 40
+972 (2) 624 14 41
President: Dani Klein
Press contact: Dan Shoshani