I would also like to add that if your opinel is stiff due to the humidity, soaking the wood in mineral oil won’t help much and make it harder to loosen since it will take much longer to disperse the oil than it would the water, soaking wood in oil will swell the joint just as the water is doing now.
It’s fine to do if the action isn’t too tight already, but they vary a lot and therefore one persons success story can be another frustration if you aren’t cognizant of what is actually happening to the wood/joint interface.
Wax is a much safer bet as much less of it will be absorbed deep with in the wood and therefore will not swell the joint as much.
Mechanically alleviating the tension on the wood by spreading the inner metal collar can be effective if you don’t have a lot of change in humidity, however, on dry days, you might find it loosens too much.
My experience with opinels in varying humidity over the years would advise you to not over dry the wood, but instead let the humidity stabilize to a somewhat normal for your climate degree, then if it’s still too tight, you could spread the inner collar slightly or peen the pin for more tension if too loose, after you dial it in to where you are reasonably happy, melt some wax of nearly any sort into the joint liberally, until the wood absorbs no more, works best if the wood is warm enough to allow the wax to remain a liquid, wipe/scrape off any excess wax, and carry/use.
You will still notice some slight tension changes depending on temperature and humidity, but it should be much less drastic. Realize this is not a problem, but a side effect of wood being a natural material that expands and contracts in relation to the environment in which it’s exposed to.
Outside of wax, I would say petroleum jelly, or even lip balm is better suited for this than any oil, which will wick its way through the wood over time. Capillary action/osmosis is at work here, the thicker the substance, the slower the absorption and therefore the longer it will take to be effected by external influences.