If the rotten dynasauruses could spend millions of years under ground, I don't think a few years above ground will make a huge difference.
I have used oil that was opened 5 years ago to get the rings off the caps for rebate purposes (Pennzoil Platinum) and it my engine survived.
Oil and water do not mix in the first place. So, if ANY water were to get into the oil, it will justsink to the bottom, and you will see it. But, first, you have to establish a mechanism of how the wanter in the air is going to enter into the oil.
Even if the manufacturers sealed the oil under nitrogen, or vacuum, the itzy bitzy little head space that replaced the nitrogen or vacuum will have less than a 1/10th of drop of water in the air. Which will boil off as soon as the oil is at operating temperature.