Well, I tried ... I remember from many years ago during visits to oil tankers, seeing a paste smeared on the end of dip tapes used for gauging oil tanks. The paste changed colour indicating the depth of water at the bottom of the tank.
This is the stuff ...

Noticing how methanol goes milky when mixed with water, I tried mixing methanol with wet and dry oil samples and ... both went cloudy, shame.
I wonder if there's any other type of liquid that would behave this way in both oil and bio? It would make for a quick and easy test as to quality.