Recent data have determined that the structure of the high pressure
ϵ phase of solid oxygen consists of clusters composed of four O2
molecules. This finding has opened the question about the nature of the
intermolecular interactions within the molecular oxygen tetramer. We use
multiconfigurational ab initio calculations to obtain an adequate
characterization of the ground singlet state of
(O2)4 which is compatible with the non magnetic character of the
ϵ phase. In contrast to previous suggestions implying chemical
bonding, we show that (O2)4 is a van der Waals like cluster where
exchange interactions preferentially stabilize the singlet state. However, as
the cluster shrinks, there is an extra stabilization due to many-body
interactions that yields a significant softening of the repulsive wall. We show
that this short range behavior is a key issue for the understanding of the
structure of ϵ-oxygen