Oak forests comprise the largest forest area in central China and are the potential carbon sink, while we know little about the carbon dioxide flux of oak forests in the transitional zone from subtropics to warm temperate, China. Using an open-path eddy covariance system and micro-climate instruments, the CO₂ flux, photosynthetic active radiation (PAR), air temperature, soil temperature and precipitation were simultaneously observed in a natural oak (Quercus aliena) forest at Baotianman National Nature Reserve. Based on the data sets during January to December 2017, dynamic change of CO₂ flux at different temporal scales and its underlying mechanism were analyzed. The results indicated that the diurnal and seasonal variations of CO₂ fluxes showed an obvious single peak pattern. The oak forest ecosystem was a carbon sink during the growing season (May-October), while a carbon source occurred during the non-growing season. Net carbon sequestration and emissions peaked in July and April, respectively. Mean annual net ecosystem productivity (NEP), ecosystem respiration (Re) and gross ecosystem productivity (GEP) were 569.4, 529.9 and 1099.3 g C m^-2 year^-1, respectively. The relationship between net ecosystem carbon exchange (NEE) measured at half-hour interval during night and soil temperature at depth of 5 cm can be expressed by an exponential equation (R²=0.21, P < 0.001), with its temperature sensitivity coefficient (Q₁₀) of 2.2. A low temperature at night and in the non-growing season at high elevation resulted in lower Re throughout the year. The relationship between NEE and PAR at daytime could be well expressed by a rectangular hyperbolic equation during growing seasons. Monthly initial light use efficiency, maximum photosynthetic capacity and daytime Re were 0.06-0.12 μmol CO₂ μmol^-1 photon, 0.44-1.47 mg CO₂ m^-2s^-1 and 0.07-0.19 mg CO₂ m^-2s^-1, respectively. Both higher vapour pressure deficit in July and August and higher soil moisture at the end of the growing season inhibited carbon uptake of the oak forest, indicating a negative effect of increased precipitation on carbon sequestration at the end of the growing season.