The Oilers have four prospects competing at this year's IIHF World Junior Championship in Ostrava and Trinec, Czech Republic.
Eighth-overall pick from the 2019 NHL Draft, defenceman Philip Broberg, is suiting up for Sweden.
Also from the 2019 Draft, 38th-overall pick Raphael Lavoie is playing forward for Canada, joined by goaltender Olivier Rodrigue, who was selected 62nd overall in 2018.
The host Czechs feature forward Matej Blumel, whom the Oilers picked 100th overall at the 2019 Draft.
RUSSIA 5 SWEDEN 4 (OT)
Sweden and Russia swung back and forth in their semifinal matchup but it was the Russians delivering the knockout punch in overtime as they advanced to Sunday's gold-medal game with a 5-4 decision.
Toronto Maple Leafs prospect Rasmus Sandin spotted the Swedes an early 1-0 lead but Russia replied with three straight goals to go up 3-1 before Los Angeles Kings prospect and tournament scoring leader Samuel Fagemo made it 3-2.
Sweden scored the next two to lead 4-3 in the final frame before 2020 draft prospect Yegor Sokolov notched the Russian equalizer to send the game to OT, paving the way for Vegas Golden Knights prospect Ivan Morozov's sudden-death winner.
Philip Broberg played 18:53 and had two shots on goal for Sweden, including ample PK time as his team had 35 penalty minutes.
Broberg and the Swedes will now face rival Finland for bronze on Sunday at 7am MT.
CANADA 5 FINLAND 0
Raphael Lavoie assisted on the third goal of the game as Canada completely dominated Finland 5-0 to advance to Sunday's gold-medal match against Russia.
The Finns eliminated Canada in last year's quarterfinal round, so it was sweet revenge for the squad that will now look to win the country its second World Junior title in three years.
Highly-touted 2020 NHL Draft prospect Alexis Lafreniere continued his impressive tournament with a pair of goals, while Canada also got singles from Washington Capitals prospect Connor McMichael, another 2020 NHL Draft prospect Jamie Drysdale and Dallas Stars prospect Ty Dellandrea.
Between the pipes, St. Louis Blues prospect Joel Hofer stopped all 32 shots he faced for the shutout.
In addition to his assist on Drysale's tally, Lavoie played 13:42 and was +1 was two shots on goal.
Canada and Russia will square off for gold on Sunday at 11am MT. They last met in the championship game in 2015 when Oilers captain Connor McDavid scored one of Canada's five goals in a 5-4 victory in Toronto.
2021 WORLD JUNIOR TICKET ACCESS
The deadline to sign up for ticket access for next year's World Junior Championship at Rogers Place in Edmonton and Westerner Park Centrium in Red Deer is Sunday at 11:59pm MT.
Click HERE to sign up for ticket access.