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Light travels in a moving medium through densities that differ from the density of that medium at rest. This study derives a formula for light velocity through a moving medium for any direction of light propagation in that medium that, applied to the Fizeau experiment, gives a fringe shift of 0.23541. The Fresnel drag coefficient applied to the Fizeau experiment offers a fringe shift of 0.20466. The mean of the fringe shift observations in the Fizeau experiment of 0.23016 confirms both expectations.