As a bio diesel producer I have tried all of the high tech dessicants on the market, even several that are supposedly purpose for drying oil and so far none of them have worked at all, most are designed to be put in a column and the oil passed through, the dessicant is supposed to remove all water, so far they have all proven to be snake oil.
The simplest method is to set your container out in the sun and the heat and time will cause most of the water to settle to the bottom of the container, there will still be some small amount of water in the oil that no amount of passive heat or settling will remove.
The most positive way I have found to get oil, WMO/WVO absolutely dry is to use a centrifuge with the oil heated to at least 180 degrees, the oil needs to be at least 90 psi to drive the centrifuge and when it exits the fuge because of the temperature and pressure drop outside the fuge there is a flash evaporation process that takes place.
I do 400 gallons per batch and it usually takes 6-8 hours to get the oil completely dry/anhydrous.