Oil majors Royal Dutch Shell <RDSa.L> and BP (>> BP) delivered the biggest boost to the index as crude prices hit new two-and-a-half year highs, rising 1.5 percent and 1.3 percent.
Retailers stole the rest of spotlight after high street stalwart Next delivered a strong Christmas update.
Next (>> Next) jumped 6.7 percent to the top of the index after its trading update surprised investors, with a sales beat driving the company to upgrade its full-year profit forecast.
Cheery results from the first UK retailer to report on the Christmas season caused a rally in retail stocks across the market, delivering relief to investors in a sector facing significant challenges.
Mid and small-caps also jumped, with the FTSE 250 <.FTMC> and the FTSE small caps <.FTSC> rising 0.3 and 0.5 percent respectively.
Next's update was in stark contrast to the start of 2017 when the retailer issued a profit warning and its shares sank.
But Wednesday's gains only brought it back to November levels before a third-quarter sales miss, and some were sceptical about how significant this sales performance was.
"The Next share price rollercoaster continues," said Mike van Dulken, head of research at Accendo Markets.
"Management’s update-by-update tinkering of guidance and sharp share price reactions only goes to reinforce how shareholders remain at the mercy of the UK consumer from one season to the next and exposed to short-termism."
Fashion retailer N Brown (>> N Brown Group plc) rose 7 percent and shares in small-cap department store Debenhams (>> Debenhams Plc) rose 1.2 percent.
Marks & Spencer (>> Marks & Spencer Group) up 1.3 percent while Primark owner ABF (>> Associated British Foods) gained 2.1 percent.
The gains across the board in retail were likely to have squeezed the many short sellers betting on the sector's downfall. Of the top ten most-shorted FTSE 100 stocks, five are in retail.
EU regulatory reforms under the MiFID II market directive that came into force on Wednesday had little early impact on the market, traders said.
For the graphic 'UK retailers underperform since Brexit', click - http://reut.rs/2CfEDCI
(Reporting by Helen Reid; Editing by Robin Pomeroy)
By Helen Reid
Stocks treated in this article : Diageo
, British American Tobacco
, Standard Chartered
, N Brown Group plc
, Associated British Foods
, Marks & Spencer Group
, Imperial Brands
, Debenhams Plc
, HSBC Holdings