Chinese shares close lower Monday

Chinese stocks closed lower on Monday, with the benchmark Shanghai Composite Index down 0.19 percent to 3,889.5 points.

The Shenzhen Component Index closed 0.93 percent lower at 13,231.47 points.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 1.11 percent to close at 3,078.76 points Monday.

The ChiNext Index, together with the Shenzhen Component Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange.

Chinese shares close lower Monday

Oil prices declined on Monday.

The West Texas Intermediate for December delivery dropped 18 cents, or 0.3 percent, to settle at 59.91 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery lost 19 cents, or 0.3 percent, to settle at 64.20 dollars a barrel on the London ICE Futures Exchange.

Crude futures settle lower