How to remove oxidation from exterior of binoculars?

Monday, March 8th, 2010 at 9:30 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 prescription drugs lotion work? What about something like WD40, or Armor-All? Thanks.