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The comeback began with a Devante Smith-Pelly one-timer.
"That changed the momentum and gave them a little life going into the break," said Oilers Head Coach Todd McLellan. "Then we came out in the second and for about the first 10 or 12 minutes we turned the puck away too much, it fed into their transition and they got going."
Ovechkin, the archetype sniper, flipped the switch and played the part of playmaker with three assists while Kuznetsov bagged a pair of third-period goals.
The Oilers fired 40 shots on goal towards Braden Holtby. Patrick Maroon and Adam Larsson were the goal scorers, while Cam Talbot made 26 saves on 30 shots on a night when Jussi Jokinen was playing his 900th career game.
The man-advantage continued to be an issue. Edmonton couldn't capitalize on four power-play opportunities but the club didn't take any penalties.
"We need to put a string of games together now," said McLellan.
Maroon opened the scoring with his fourth goal of the season at 12:16, coming off a rebound after a Connor McDavid wrist shot from the left side. With the tally, Big Rig extended his point streak to five games, netting twine in four of the last five outings.
Larsson made it 2-0 Oilers with just over two minutes left in the first period. The defenceman received a pass from Ryan Nugent-Hopkins just within the blueline, then proceeded to take the space available and wire a wrist shot top shelf on Holtby. Nugent-Hopkins and Milan Lucic recorded the assists.
Talbot, previously cementing his pad to the ice and stopping Kuznetsov on two attempts in-tight, did the same to Lars Ellers late in the frame. Ellers whacked at the puck incessantly but couldn't beat the Oilers keeper.
But the Oilers would squander their two-goal lead, thanks to a pair of one-timer tallies from Smith-Pelly and Lars Ellers. Smith-Pelly cracked one past Talbot with 17.8 seconds left in the first then Ellers evened the game up at 10:32 of the middle frame.