The street name recalls Shakepeare's play A Midsummer Night's Dream in which Oberon is king and Titania the queeen of fairies. The third street in this Shakespearean group is a rather odd companion to these two: Glendower Street is named after a character from a history play rather than a comedy.
“That on the application of Mr Edmund Fittes??? two new streets on his property situate off Woodstock Road be named ‘Oberon Street’ and ‘Titania Street’.” Minutes, Improvement Committee, 11th January 1899.