OPEC+ has reached an agreement in principle to increase oil production in October, with sources indicating that the output might rise by 130,000 to 140,000 barrels per day. This decision comes at a precarious time for crude oil, as oil prices have recently settled down more than 2% following a weak US jobs report. Negotiations within the group are described as tough, with Saudi Arabia pushing for faster production increases amidst falling prices and supply concerns. Despite bullish signals dissipating, OPEC+ aims to balance market dynamics as it contemplates output adjustments while investors remain cautious ahead of the upcoming meeting.