Best way to eliminate oxidation from binoculars?

Monday, May 10th, 2010 at 9:20 am

I just got a very expensive pair of binoculars out of storage and the rubber exterior has a lot of oxidation. What can I use to effectively clean it and renovate the material? Would moisturizing lotion work? What about something like WD40, overseas online pharmacy or Armor-All? Thanks.