Blake T. Ostler provides summary of parallels between Canaanite Ba'al Cycle and Daniel 7.
Blake T. Ostler, Exploring Mormon Thought, 4 vols. (Salt Lake City: Greg Kofford Books, 2008), 3:135
Ugaritic Ba’al Cycle
(1) El, the white bearded and aged high God is the sovereign over the divine council.
(2) El bestows kingship on Ba’al who defeats Yamm representing the chaotic water in battle.
(3) Ba’al is the king of the gods and El’s chief vizier who is given everlasting rule from El.
Daniel 7
(1) The Ancient of Days is seated on the fiery wheeled throne. Like El, he is white haired and aged for ancient.
(2) Yahweh-El, the Ancient of Days, bestows kingship upon the Son of Man who rides the clouds after the beast of the sea (yamma) is destroyed.
(3) The Son of Man is given everlasting rule over the nations of the earth. He rules at the right hand of God.