An extract oil circulation injection and extraction device comprises a connector (1), an oil pumping plunger (2), a pump cylinder (3), a sealing plunger (4), a circulation valve (5) and a baffle (6). The extract oil circulation injection and extraction device is characterized in that internal threads are arranged at the upper portion of the pump cylinder (3) of the extract oil circulation injection and extraction device, the sealing plunger (4) is arranged in the pump cylinder (3), the oil pumping plunger (2) is arranged between the upper portion of the sealing plunger (4) and the pump cylinder (3), the circulation valve (5) is arranged at the lower portion of the sealing plunger (4), and the baffle (6) is arranged at the upper portion of the circulation valve (5). The extract oil circulation injection and extraction device is used for injection and extraction, the phenomena that cold damage happens to oil layers, scaling occurs in pipelines, and the plungers are stuck are avoided, working cost is reduced, the injection and extraction efficiency is improved, and normal production of an oil well is ensured.