See the following Whirlpool Service Manual for their Cabrio washer. The Kenmore Oasis is basically the same machine.
Yes it does have a balancing (actually 2) ring(s).
https://secured.whirlpool.com/Service/SrvTechAdm.nsf/2cd44500d572193285256a45004fd9d6/409753510a90c8be852571e90073421b/$FILE/8178583.pdf
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