CO2 huff-n-puff is a potential approach to improve the oil displacement efficiency in the deep reservoirs, which can achieve carbon sequestration and efficient oil production, simultaneously. However, the fundamental understanding of carbon mass transport, sequestration and leakage mechanism in deep geological reservoirs at the microscopic pore scale is still ambiguous. In this work, we innovatively designed a precise CO2 huff-n-puff microfluidic experiment under ultrahigh temperature and pressure conditions (55 MPa, 115 °C) to study the microscopic mechanism of CO2 utilization, storage and leakage (CUSL) in pore scale. Moreover, we proposed the quantitative analysis method for oil-CO2 interaction behavior to explicit dissolution and extraction characteristics, pressure threshold and interface stability by introducing Pseudo-Color algorithm and relevant parameters such as dynamic oil swelling factor, contact angle and gray value. Then, the pore-scale dynamics of the fluid interaction mechanism during the soak and puff process were quantitatively characterized, corresponding to the carbon sequestration efficiency of crude oil continuously exposed to scCO2 and the leakage risk with step-down production, respectively. The experimental results indicate that during the huff process, the oil-CO2 phase behavior characteristics at 115 °C can be divided into swelling, immiscible extraction and miscible extraction regions, which are coordinately controlled by dissolution mechanism, capillary effect and vaporization mechanism. Moreover, ultrahigh temperature oil generally requires higher pressure to start extraction and miscibility (Pext = 6.38 and 15.96 MPa, MMP = 9.71 and 23.73 MPa, T = 50 and 115 °C, respectively), while the asphaltene precipitation pressure Pasp is lower. At ultrahigh temperatures, the oil-CO2 interaction also enters the contact angle fluctuation region in advance, and the morphology of asphaltene particles is single, fine and uniform. When the soaking time is 36 min, the non-extractable oil component gradually evolves into a carbon sequestration interface. During the subsequent puff process, the more stable the carbon sequestration interface in the smaller blind end, the lower the leakage risk, corresponding to the leakage pressure difference of up to 40.93 MPa. This work has important practical significance for deep resource extraction and CUSL industrial application.